Food Industry’s Boom Index in October

By CnAgri2012-12-10 11:25:18 Print China’s grain and vegoil retail value registered RMB111.5 billion and the catering industry’s retail value RMB220.7 billion in October, up 21.8% and 14% respectively on the year-on-year basis. Adjusting for price, their increase rates were 21.8% and 11.98% respectively.
 
Food consumption value accounted for 17.55% of the nation’s total commercial retail value, up 0.3% on the year-on-year basis, the top level since 2010. In terms of the nation’s top 1,000 enterprises’ sales in October, food sales increased 11.7% on the year-on-year basis, adjusted for price change. Increased food retail value helped improve the food industry’s boom index. But the catering industry’s sales grew slowly because of inflation.
 
On the whole, BOABC estimates that the food industry’s sales added about 9.68% in October on the year-on-year basis, a smaller growth rate than the month before.
 
The farm-product-processing industry and the food-making industry attained an added output value by 11.3% and 10.6% respectively in October. Adjusting for price, their increase rates were 10.97% and 10.27% respectively.
 
The farm-product-processing industry, the food-making industry and the catering industry (including the hotel industry) received RMB69.048 billion investment, RMB26.575 billion investment and RMB54.613 billion investment respectively in October, up 30.28%, 9.77% and 48.29% respectively on the year-on-year basis. Adjusting for price, their increase rates were 33.08%, 12.57% and 51.1% respectively. The above investment jointly accounted for 4.1% of the nation’s total investment in October. Rising food price spurred investment in the food industry.
 
Grain-processing generated a profit of 11.81% in October, slightly more than the month before, accredited to increased food consumption. Specifically, the production of flour, japonica, indica, starch and ethanol generated a profit of 11.9%, 16.13%, 13%, 6.07% and 0.88% respectively.
 
The distribution of flour and rice generated a profit ratio of 18.46% and 13.38% respectively in October, accredited to the drop of shipment cost. The distribution of small packs of flour and japonica generated a profit of 26.56% and 19.76% respectively.
 
Taking into account of food production, food sales, the food industry’s profit margin and investment into the food industry, BOABC concludes that the food industry’s boom index was about 13.49 in October, the top level in 2012.
       

From “China Grains Market Weekly Report”