China is strengthening efforts to promote the economic development of the grain sector via efforts like industrial transformation and upgrading, with the aim of forging a modern industrial grain system by 2020, an official said Wednesday [13 September 2017]. China’s grain sector has seen considerable growth in recent years. In 2016, the output by the sector’s 18,000 domestic enterprises rose 13.3 percent year-on-year to 2.8 trillion yuan ($429 billion), and the amount of grain processed reached 480 million tons during the same period, according to data released by the State Administration of Grain (SAG)…Full Article: ECNS.cn Sept 2017

Key Point

  • According to the production director of Binzhou-based Sanxing Group, the group annually produces 200,000 to 300,000 MTs of edible corn oil.

ChinaAg Comment

  • Formed in 2003 and headquartered in Handianzhen, Zouping County, Shandong Sanxing Group is a producer and distributor of various edible oil products including corn oil, peanut oil, sunflower oil, olive oil, and rice germ oil. The group also manufactures edible oil tankers for large trucks. Changshouhua Food (HKG:1006) is a subsidiary of Shandong Sanxing Group.

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