Food Industry’s Boom Index in September

By CnAgri2012-11-09 10:37:50 Print

China’s grain and vegoil retail value registered RMB114.2 billion in September, up 18.5% on the year-on-year basis. The catering industry scored a retail value of RMB207.2 billion in September, up 13.9% on the year-on-year basis. The nation’s top 1,000 commercial enterprises realized a food sales growth of 11.1% in September on the year-on-year basis. Adjusting for price, their increase rates were 14.27%, 11.12% and 8.6% respectively.

    Food sales accounted for 17.56% of the nation’s total commercial retail value, up 0.2% on the year-on-year basis. On the whole, the food industry’s sales added 9.68% in September on the year-on-year basis.

    The farm-product-processing industry and the food-making industry attained an added value growth of 11.1% and 11% respectively in September on the year-on-year basis. Adjusting for price, their increase rates were 10.77% and 10.07% respectively.

    The investment into the farm-product-processing industry, food-making industry and the catering industry (including the hotel industry) registered RMB70.312 billion, RMB33.526 billion and RMB58.353 billion respectively in September, up 25.07%, 44.15% and 32.5% respectively on the year-on-year basis, a result of the flourishing food market. Adjusting for inflation, their increase rates were 28.67%, 47.75% and 36.1% respectively.

    Grain-processing generated a profit of 11.69% in September, slightly more than the month before. Specifically, flourmills’ profit was 11.9%, japonica mills’ profit 14.64%, indica mills’ profit 13.23%, starch mills’ profit 6.18% and ethanol factories' profit 0.18%.

    Grain distribution generated more profit in September than the previous few months, thanks to the drop of shipment cost. Flour and rice distribution generated a gross profit of 18.68% and 13.22% respectively.

    The food industry’s boom index was 18.68% in September, the top level in January ~ September.

From “China Grains Market Weekly Report”