Latest News for the Chinese Seed Industry

DUBLIN, Feb. 20, 2014 /PRNewswire/ --Research and Markets (http://www.researchandmarkets.com/research/n8bcwl/seed_china_news) has announced the addition of the "Latest News for the Chinese Seed Industry" report to their offering.

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2013 seems to be another difficult year for Chinese seed enterprises, mainly in view of the intense competition in the domestic corn seed and rice seed markets caused by oversupply. Judging from listed seed enterprises' financial results for the first three quarters of 2013, most of them witnessed decreases in profit or even suffered net losses, compared with general growth of performance in past few years.

For example, Wanxiang Doneed Co., Ltd., Grand Agriseeds Technology, Inc. and Yuan Longping Agriculture Co., Ltd. all saw a significant decrease of net profit in the first three quarters of 2013; Hefei Fengle Seed Co., Ltd., Winall Hi-tech Seed Co., Ltd. and Guansu Dunhuang Seed Co., Ltd. all suffered net losses. On the contrary, Shandong Denghai Seeds Co., Ltd. is expected to achieve a further success in 2013, mainly thanks to its distinctive self-developed corn varieties.

Domestic seed enterprises, especially large ones, seem to continually benefit from favorable government policies such as the Suggestions for Accelerating Development of Modern Crop Seed Industry and the National Development Plan 2012-2020 for Modern Crop Seed Industry. However, most domestic seed enterprises are actually not vibrant enough to compete with multinational giants, mainly due to their weak R&D capacity and monotony development model.

Key Topics Covered:

Policy on grain purchasing and subsidy implemented again

Cooperation between seed enterprises and research institutes: undesirable

GM foods rejected by most Chinese

Beidahuang Kenfeng terminates cooperation with SOPO on backdoor listing

Winall Hi-tech to establish three subsidiaries

Oversupply in China's corn seed market and revelations from it

Brief introduction of Guangdong corn seed market

Analysis on corn variety Demeiya

Analysis on China's cotton seed market from industrial chain perspective

Inner Mongolia's grass industry confronted with challenges

Companies Mentioned:

• Beidahuang Kenfeng
• Winall Hi-tech

For more information visit http://www.researchandmarkets.com/research/n8bcwl/seed_china_news

Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net

SOURCE Research and Markets