Investment Rating - The industry investment rating is "Positive" (maintained) with a key recommendation for the "platform + ecosystem" service-oriented enterprise Dekang Agriculture and Animal Husbandry [3] Core Viewpoints - The report emphasizes the ongoing transformation of the pig industry policy, highlighting the importance of high-quality development and the need for cost control and capacity management [4][5][17] - The report suggests that the industry is entering a high-quality development phase, with expectations for improved profit margins and a focus on technology-driven and service-oriented companies [17] - The report identifies potential investment opportunities in leading companies such as Muyuan Foods and Wens Foodstuffs, as well as Dekang Agriculture and Animal Husbandry [17] Summary by Sections 1.1 Pig Industry - Recent pig prices are at 13.72 CNY/kg (down 0.02 CNY/kg MoM), with average slaughter weight slightly decreasing to 127.8 kg (down 0.18 kg MoM) [4][16] - The Ministry of Agriculture and Rural Affairs emphasizes reducing breeding stock and controlling new capacity, with a focus on improving the entire industry chain's competitiveness [5][16] - The report anticipates further policy measures to stabilize pig prices and control production capacity, recommending Dekang Agriculture and Animal Husbandry as a key player [17] 1.2 Poultry - The report notes a persistent contradiction of "high capacity, weak consumption" in the white feather chicken industry, with a focus on improving return on equity (ROE) [18] - Key recommendations include focusing on leading companies in the integrated supply chain and those with strong breeding capabilities [18] 1.3 Feed - The report highlights positive price trends in aquatic products, with significant year-on-year increases in various fish species [20] - It recommends Haida Group due to its improved management effectiveness and capacity utilization, expecting it to exceed growth expectations [20] 1.4 Pet Industry - Online sales growth in the pet industry has slightly slowed, with notable performance from brands like Guibao and Zhongchong [21][22] - The report suggests that long-term impacts from tariff uncertainties are limited, with leading companies expected to maintain high growth rates [22] 1.5 Agricultural Products - The report discusses uncertainties in soybean imports and the rising prices of natural rubber, with a focus on macroeconomic conditions affecting the agricultural sector [23] 2. Market and Price Situation - The report notes that the agricultural index rose by 2.52% during the week, with the pet food sector performing the best at +5.41% [24]

商业部长乍都蓬与两位副部长赴边境视察，指示各地商务办密切监控重点物资价格，及时补货并打击哄 抬行为，同时推动"泰产泰用、泰人助泰人"计划。 四项措施包括：一，控价稳供，调查显示多数商品库存充足，少数热销品如泡面、罐头、驱蚊液等正加 速补货，政府并展开蓝旗折扣活动降低民众生活成本；二，拓销路扩市场，19场农产品促销售出近79 吨，5场跨境展销会带动600吨商品出口，同时推动"泰果节"拓展销售渠道；三，推广泰货至柬埔寨及东 盟其他市场，透过线上对接、超市合作等保持市场占有率；四，提供低息贷款，协助进出口商与中小企 业获取营运资金及债务纾困。 据泰媒报道，因泰柬边境紧张局势，泰国商业部启动四项措施，支援受影响的商家、农民与民众，并要 求七个边境省确保基本商品供应充足、价格稳定。 ...

Core Viewpoint - In the first seven months of 2025, China's total goods trade value reached 25.7 trillion yuan, reflecting a year-on-year growth of 3.5%, with exports increasing by 7.3% and imports decreasing by 1.6% [5]. Trade Performance - Total goods trade value for July 2025 was 3.91 trillion yuan, marking a growth of 6.7%, with exports at 2.31 trillion yuan (up 8%) and imports at 1.6 trillion yuan (up 4.8%) [5]. - General trade and processing trade both saw increases, with general trade at 16.44 trillion yuan (up 2.1%) and processing trade at 4.6 trillion yuan (up 6.3%) [5][6]. Trade Partners - ASEAN emerged as China's largest trading partner with a total trade value of 4.29 trillion yuan (up 9.4%), followed by the EU at 3.35 trillion yuan (up 3.9%) and the US at 2.42 trillion yuan (down 11.1%) [5][6]. Enterprise Contributions - Private enterprises contributed significantly with a total trade value of 14.68 trillion yuan (up 7.4%), accounting for 57.1% of total foreign trade [6]. - Foreign-invested enterprises had a trade value of 7.46 trillion yuan (up 2.6%), while state-owned enterprises saw a decline to 3.49 trillion yuan (down 8.8%) [6]. Export Composition - Mechanical and electrical products constituted 60% of exports, totaling 9.18 trillion yuan (up 9.3%), with notable growth in integrated circuits (up 21.8%) and automobiles (up 10.9%) [6]. - Labor-intensive products saw a slight decline in exports, totaling 2.41 trillion yuan (down 0.8%) [6]. Import Trends - Major bulk commodity prices fell, with iron ore imports at 6.97 million tons (down 2.3%) and crude oil at 3.27 million tons (up 2.8%) [7]. - Imports of mechanical and electrical products increased to 4.09 trillion yuan (up 5.8%) [7].

【发布单位】贸易救济局 【发布文号】商务部公告2025年第40号 英文名称：Rape or colza seeds。 【发文日期】2025年08月12日 根据《中华人民共和国反倾销条例》（以下简称《反倾销条例》）的规定，2024年9月9日，商务部 （以下称调查机关）发布2024年第37号公告，决定对原产于加拿大的进口油菜籽进行反倾销立案调查。 调查机关对被调查产品是否存在倾销和倾销幅度、被调查产品是否对中国国内产业造成损害及损害 程度以及倾销与损害之间的因果关系进行了调查。根据调查结果和《反倾销条例》第二十四条的规定， 调查机关作出初步裁定（见附件）。现就有关事项公告如下： 一、初步裁定 调查机关初步认定，原产于加拿大的进口油菜籽存在倾销，中国国内油菜籽产业受到实质损害，而 且倾销与实质损害之间存在因果关系。 二、征收保证金 根据《反倾销条例》第二十八条和第二十九条的规定，调查机关决定采用保证金形式实施临时反倾 销措施。自2025年8月14日起，进口经营者在进口被调查产品时，应依据本初裁决定所确定的各公司的 保证金比率向中华人民共和国海关提供相应的保证金。 被调查产品的具体描述如下： 调查范围：原产于加拿大的 ...

Group 1 - The Ministry of Commerce initiated anti-dumping investigations on imported canola seeds from Canada on September 9, 2024, and on imported halogenated butyl rubber from Canada and other countries on September 14, 2024 [1] - Preliminary evidence indicated that the investigated imported products were being dumped, causing substantial harm to the domestic industry, with a causal relationship between dumping and the harm identified [1] - On August 12, 2025, the Ministry of Commerce announced preliminary rulings, imposing temporary anti-dumping measures with a dumping margin of 75.8% for canola seeds from Canadian companies and a margin of 26.2%-40.5% for halogenated butyl rubber from Canadian companies [1]

根据《反倾销条例》第二十八条和第二十九条的规定，调查机关决定采用保证金形式实施临时反倾销措 施。自2025年8月14日起，进口经营者在进口被调查产品时，应依据本初裁决定所确定的各公司的保证 金比率向中华人民共和国海关提供相应的保证金。 被调查产品的具体描述如下： 调查范围：原产于加拿大的进口油菜籽。 新京报讯 据商务部消息，根据《中华人民共和国反倾销条例》（以下简称《反倾销条例》）的规定， 2024年9月9日，商务部（以下称调查机关）发布2024年第37号公告，决定对原产于加拿大的进口油菜籽 进行反倾销立案调查。 调查机关对被调查产品是否存在倾销和倾销幅度、被调查产品是否对中国国内产业造成损害及损害程度 以及倾销与损害之间的因果关系进行了调查。根据调查结果和《反倾销条例》第二十四条的规定，调查 机关作出初步裁定（见附件）。现就有关事项公告如下： 一、初步裁定 调查机关初步认定，原产于加拿大的进口油菜籽存在倾销，中国国内油菜籽产业受到实质损害，而且倾 销与实质损害之间存在因果关系。 二、征收保证金 主要用途：主要用来生产菜籽油和菜籽粕等。 四、评论 各利害关系方在本公告发布之日起10天内，可向调查机关提交书面评 ...

这两天刷新闻，一眼就瞅见特朗普又在白宫搞签字仪式了。按说他签字跟咱关系不大，可这次不一样 ——文件里明晃晃写着给中国的"特殊待遇"，连华尔街日报都连夜发了特稿，标题恨不得加粗三倍。最 逗的是美国前财长萨默斯，这人当年对华可没少使绊子，如今在CNBC访谈里直嘬牙花子："绕了一大 圈，就中国没吃亏。" 近日萨默斯在出席美媒彭博社的一档节目时表示，特朗普大幅加征关税的做法，正在让美国沦为第二个 阿根廷。在他看来，对制造业原料大幅加征关税的做法，将会导致大量投资外流，非但不会推动美国制 造业复苏，而且还会致使制造业规模进一步缩小，质量也不会变差。上个世纪40年代，阿根廷就是采取 了类似的措施，结果从发达国家沦为了经济落后国，而如今特朗普正在走这条老路。他认为在这种情况 下，只有一个赢家，那就是中国。 美国国内就炸了锅。爱荷华州的农场主们在社交媒体上刷屏，说"总算能把大豆卖给中国了"；可匹兹堡 的钢铁厂老板们直接扛着"别让中国抢饭碗"的牌子堵在国会山。这种分裂劲儿，估计也就美国能演得这 么热闹。 萨默斯这话可不是随口说的。他在访谈里掏出个数据——过去三年，美国对中国加征的关税，有62%最 后都转嫁到了美国消费者头上，去 ...

Summary of Key Points Core Viewpoint - The announcement from the Nanan City Market Supervision Administration reveals the results of the 2025 fifth phase of food safety supervision sampling, indicating a high compliance rate of 97.04% among the 912 batches tested, with 885 passing and 27 failing [2]. Group 1: Food Safety Inspection Results - A total of 912 food samples were tested, covering 13 categories including grain products, edible oils, condiments, meat products, and beverages [2]. - Out of the 912 batches, 885 were found to be compliant, resulting in a compliance rate of 97.04% [2]. - The 27 non-compliant batches will be investigated and dealt with according to legal regulations to mitigate food safety risks [2]. Group 2: Regulatory Actions - The Nanan City Market Supervision Administration has mandated local market supervision offices to investigate and address the issues related to the non-compliant food producers [2]. - Legal actions will be taken against any violations found during the investigation to ensure compliance with food safety laws [2].

记者7月23日从农业农村部了解到，第二十二届中国国际农产品交易会将于2025年10月17至19日在天津 举办。 本届农交会由农业农村部主办，秉承"展示成果、促进贸易、推动交流"的办展宗旨，以"塑强品牌助振 兴 提振消费增活力"为主题，聚焦粮油、果蔬、畜禽、水产等产业发展和巩固拓展脱贫攻坚成果同乡村 振兴有效衔接成效，充分展现我国农业农村高质量发展成就，推广新品种、新技术、新设备、新业态， 活跃城乡消费市场，带动产业提质增效和农民增收致富。 据了解，本届农交会展览面积10万平方米，设精品品牌、大食物观、农业科技、乡村帮扶、农业非遗等 专业展区，同期举办强农论坛、"品牌之夜"直播助农、省级合作交流等重要活动，以及"三农"电商达人 分享会、千县万品推介等配套活动。（记者韩佳诺、胡璐） 【纠错】 【责任编辑:王佳宁】 ...

Core Viewpoint - The Ministry of Agriculture and Rural Affairs, along with ten other departments, released an implementation plan on July 27 to promote agricultural product consumption, focusing on optimizing supply, innovating circulation, and activating market potential [2][3]. Group 1: Key Measures - The plan outlines nine key measures aimed at enhancing agricultural product consumption [3]. - It emphasizes the need to release diverse, high-quality, and differentiated consumption potential [3]. - The initiative aims to lead the upgrade of supply-demand structure effectively [3]. Group 2: Objectives - The primary goal is to significantly expand agricultural product consumption [3]. - The measures are designed to stimulate market activity and improve the overall consumption landscape for agricultural products [3].