China has a huge corn products market. On one hand, China is the second largest producer of corn, it provides sufficient corn for domestic corn products industry to ensure it runs well. On the other, the consumption volume of corn products is very large, which means there is great demand for corn products. Besides, China is the largest production and export country of some corn products, such as citric acid, monosodium glutamate, vitamin C, etc.
Domestic market price of corn has been increasing after it has entered uptrend phase since late Nov. 2012 due to the increasing demand from downstream industries. On Jan. 14, 2013, the average market price of corn rebounded to be equal with that in early Oct. 2012.
As one of the most important downstream industries of corn, sugar alcohol has witnessed fairly fast development in China in recent years according to CCM's newly issued report—Survey of Sugar Alcohol in China. In detail, the outputs of sorbitol, maltitol, xylitol, mannitol and erythritol, five main kinds of sugar alcohol, reached 839,600 tonnes, 80,400 tonnes, 66,900 tonnes, 22,700 tonnes and 11,500 tonnes in 2012, growing with CAGRs of 12.2%, 12.1%, 7.6%, 16.1% and 34.6% respectively in the past four years.
The Corn Products China News provided by CCM has introduced some policies published by the domestic government to encourage the development of some corn products. It also reveals that there may be good investigation chances for multinational enterprises. In a word, the Corn Products China News helps you obtain a clear view about the market information and policies. It is very useful for many industries players such as in food, feed, energy, pharmaceutics and chemical industries in China.
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