Core Insights - The retail prices of various food items have shown a mixed trend, with some experiencing slight declines while others have increased slightly [1] Grain Prices - Rice is priced at 6.53 yuan/kg, down 0.2% month-on-month and 0.6% year-on-year [1] - Flour is priced at 6.15 yuan/kg, down 0.2% month-on-month and 3.0% year-on-year [1] Edible Oil Prices - Soybean oil is priced at 12.86 yuan/kg, down 0.2% month-on-month and 2.5% year-on-year [1] - Peanut oil is priced at 28.47 yuan/kg, down 0.1% month-on-month and 2.1% year-on-year [1] - Rapeseed oil is priced at 16.81 yuan/kg, down 0.2% month-on-month and 3.2% year-on-year [1] - Blended oil is priced at 15.65 yuan/kg, down 0.2% month-on-month and 2.4% year-on-year [1] Meat Prices - Pork (hind leg) is priced at 27.67 yuan/kg, down 0.2% month-on-month and 7.8% year-on-year [1] - White strip chicken is priced at 24.60 yuan/kg, down 0.4% month-on-month and 2.3% year-on-year [1] Egg Prices - Fresh eggs are priced at 9.70 yuan/kg, down 1.1% month-on-month and 10.7% year-on-year [1] Aquatic Product Prices - Carp is priced at 22.14 yuan/kg, up 0.3% month-on-month and 2.1% year-on-year [1] - Silver carp is priced at 22.28 yuan/kg, down 0.4% month-on-month and up 4.3% year-on-year [1] - Grass carp is priced at 23.69 yuan/kg, up 0.6% month-on-month and 9.6% year-on-year [1] - Crucian carp is priced at 30.51 yuan/kg, up 0.1% month-on-month and 4.6% year-on-year [1] - Large hairtail is priced at 47.98 yuan/kg, down 0.3% month-on-month and 1.9% year-on-year [1] - Large yellow croaker is priced at 53.09 yuan/kg, up 0.3% month-on-month and 10.8% year-on-year [1] Vegetable Prices - The average price of vegetables is 6.80 yuan/kg, down 0.3% month-on-month and 4.0% year-on-year [1] - Lettuce has the highest month-on-month increase at 7.08 yuan/kg, up 2.2% [1] - Pumpkin has the largest month-on-month decrease at 5.10 yuan/kg, down 2.9% [1]

Core Viewpoint - The recent food safety inspection in Qijiang District revealed that out of 27 batches of food products tested, 25 were compliant while 2 were found to be non-compliant, leading to immediate regulatory actions [2][3]. Group 1: Inspection Results - A total of 27 batches of edible agricultural products were sampled, with 25 passing and 2 failing the safety standards [2]. - The non-compliant products were identified based on specific food safety national standards, which classify any failure in testing as a non-compliant product [2]. Group 2: Regulatory Actions - The local market supervision authority has initiated legal actions against the non-compliant products as per the Food Safety Law of the People's Republic of China [2]. - Risk control measures have been implemented, including tracing the product flow, recalling, and removing the non-compliant products from the market [2].

Core Viewpoint - The Panyu District is actively engaged in ecological restoration efforts through the release of aquatic species, with a focus on enhancing biodiversity in the Pearl River system [4][6]. Group 1: Aquatic Species Release Activities - On June 24, the Panyu District held its 2025 aquatic species release event, where over 1.57 million fish and shrimp were released, including species such as grass carp, yellowfin seabream, and white eel [2][3]. - The district has conducted these release activities for 44 consecutive years, emphasizing their importance in ecological restoration and the maintenance of aquatic resources [6]. Group 2: Biodiversity and Ecological Improvement - In the past five years, Panyu District has released over 5.5 million aquatic species, optimizing the variety and quantity of species to enhance local biodiversity [7][8]. - Local species such as yellowfin seabream and shrimp have shown a recovery in population, contributing to the ecological vitality of the Pearl River [8][9]. Group 3: Sustainable Fisheries Development - Panyu District is committed to consolidating and expanding its fisheries development achievements, which include ongoing release activities and initiatives for river protection and water environment management [10][11]. - The district promotes a green and circular development model for its fisheries, aiming for high-quality industry growth [12][13]. Group 4: Innovative Aquaculture Practices - The district has established benchmark models for fishery governance, including various water treatment methods and ecological breeding practices to reduce wastewater discharge [14][15][19]. - Panyu District encourages the adoption of premium aquaculture species and ecological mixed farming to enhance the quality of its fisheries, contributing to the public brand "Panyu Fresh" [18][19].

2025年6月16日至6月20日重要民生商品价格监测报表（集市） | 品 种 | 规格、等级 | 本期 | ┣朋 | 环比+ | ┣月同期 | 比上月 | 上年同期 | 比上年 同期± | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 平均价 | 平均价 | % | 平均价 | 同期 | 平均价 | | | | | | | | | ±% | | % | | 生 猪 | 公斤 | 14.52 | 14.65 | -0.89 | 15.05 | -3.52 | 18.63 | -22.06 | | 仔 猪 | 良种 500克 | 25.44 | 25.62 | -0.70 | 25.93 | -1.89 | 27.84 | -8.62 | | 富强粉 | 特一粉 | 2.77 | 2.77 | 0.00 | 2.77 | 0.00 | 2.76 | 0.36 | | 标准粉 | 特一级 | 2.43 | 2.43 | 0.00 | 2.42 | 0.41 | 2.44 | -0.41 | | 早籼米 | 标一 500克 | 2.28 | ...

Agricultural Products Market - The national market price of edible agricultural products decreased by 0.5% from the previous week [1] - Wholesale prices of poultry products slightly declined, with eggs and white-cut chicken decreasing by 2.6% and 0.5% respectively [1] - Average wholesale prices of six types of fruits saw a slight decrease, with watermelon, banana, and citrus dropping by 3.1%, 2.2%, and 1.7% respectively [1] - Overall wholesale prices of meat decreased, with pork priced at 20.32 yuan per kilogram, down by 0.6%, while beef and lamb fell by 0.5% and 0.1% respectively [1] - Average wholesale price of 30 types of vegetables remained stable at 4.14 yuan per kilogram, with certain vegetables like green beans, pumpkin, and bitter melon decreasing by 6.9%, 5.3%, and 4.1% respectively [1] - Wholesale prices of aquatic products remained stable, with carp, large yellow croaker, and silver carp decreasing by 0.7%, 0.6%, and 0.2% respectively [1] - Grain and oil wholesale prices showed slight fluctuations, with rice and rapeseed oil decreasing by 0.2% and 0.1%, while soybean oil and peanut oil increased by 0.4% and 0.2% respectively [1] Production Materials Market - Rubber prices saw a slight increase, with natural rubber and synthetic rubber rising by 1.2% and 0.4% respectively [2] - Prices of basic chemical raw materials generally increased, with methanol, sulfuric acid, and polypropylene rising by 1.2%, 0.5%, and 0.1% respectively, while soda ash decreased by 0.6% [2] - Wholesale prices of finished oil slightly increased, with 0 diesel, 92 gasoline, and 95 gasoline all rising by 0.1% [2] - Prices of non-ferrous metals showed slight fluctuations, with aluminum and copper increasing by 1.1% and 0.9%, while zinc decreased by 1.9% [2] - Steel prices remained stable, with specific types like channel steel, ordinary medium plate, and welded steel pipe priced at 3585 yuan, 3722 yuan, and 3775 yuan per ton, decreasing by 0.4%, 0.2%, and 0.1% respectively [2] - Coal prices continued to decline, with coking coal, No. 2 smokeless lump coal, and thermal coal priced at 930 yuan, 1144 yuan, and 750 yuan per ton, decreasing by 0.9%, 0.1%, and 0.1% respectively [2] - Fertilizer prices generally decreased, with urea dropping by 1.2%, while compound fertilizers remained stable [2]

Core Viewpoint - The article discusses the regulatory challenges and market acceptance of gene-edited animal products, highlighting the contrast between technological advancements and regulatory frameworks across different countries [11][24][61]. Regulatory Landscape - Global regulatory policies for gene-edited foods generally fall into two categories: either treating them as conventional foods with lighter regulations or applying strict standards similar to those for genetically modified organisms (GMOs) [18][30]. - Countries like the US, Japan, and Argentina have adopted a more lenient approach, equating gene-edited foods without foreign gene insertion to regular foods, thus facilitating their market entry [31][39][42]. - In contrast, the EU, China, and New Zealand maintain stricter regulations, treating gene-edited products similarly to GMOs, which has led to significant debates and controversies [47][51][61]. Market Dynamics - The global market for gene editing is projected to reach $15.79 billion by 2027, with a significant portion attributed to agricultural applications, including animal breeding [89]. - Despite the promising market potential, the actual commercialization of gene-edited animal products remains limited, with many countries still in the discussion phase regarding regulatory frameworks [75][106]. Public Perception and Acceptance - Public attitudes towards gene editing are mixed, with a general acceptance for medical applications but more skepticism regarding food safety and ethical implications [68][81]. - In the US, a survey indicated that about 51% of the population remains doubtful about gene-edited foods, with over 75% desiring clear labeling to ensure informed consumer choices [80][81]. Industry Developments - Recent advancements in gene editing technology have led to significant improvements in fish growth rates and disease resistance, which are seen as vital for the future of aquaculture [46][97]. - Companies in China are beginning to invest heavily in gene editing technologies, as evidenced by a major investment by a leading aquaculture firm in proprietary gene editing techniques [103][105].

近日，海大集团 斥资5000万元购 买"无刺草鱼"基 因编辑技术的消 息引发热议。与 此同时，日本批 准基因编辑罗非 鱼上市、泰国颁 布《使用基因编 辑技术开发水生 动物的认证标准 与程序》等国际 动态，让这项技 术再次进入公众 视野。"基因编 辑"与"转基 因"有何不同？ 这项被称为"农 业5G"的技术， 是丰饶之角还是 潘多拉魔盒？ 基因编辑VS转 基因 内源改造与外源 植入 海大5000万元 买"无刺草鱼"技 术引热议，基因 编辑是丰饶之角 还是潘多拉魔盒 _南方+_南方 plus "基因编辑和转 基因有什么区 别？""转基因食 品都没人敢吃， 这种'新东西'就 能放心？"公众 对转基因的长期 疑虑被投射到基 因编辑技术上。 事实上，二者的 技术逻辑存在根 本差异。 "基因编辑育种 是农业领域的 5G技术。"中国 科学院院士、中 国科学院遗传发 育所研究员曹晓 风指出，从技术 原理来讲，基因 编辑技术主要是 对作物自身的基 因进行精准改 造，一般不插入 作物原本没有的 外源基因，最后 得到的产品和自 然突变的、传统 育种获得的产品 具有很大的相似 性，这是基因编 辑与转基因技术 的最大区别。 基因编辑技 ...

Core Viewpoint - The company, Yuehai Feed, has launched the "Yuehai Wealth Creation Campaign: Winning Summer Action" aimed at achieving dual goals of "customer breeding success and group sales doubling" to strengthen its market position and expand its business footprint [1][2] Group 1 - The "Winning Summer Action" focuses on overcoming market challenges and enhancing competitiveness through product optimization, service upgrades, and innovative breeding models [1] - The company plans to build on the success of its previous "Spring Action" to capture the peak feeding period in aquaculture, strengthen channel cooperation, and increase market coverage of feed, seedlings, and animal health products [1][2] Group 2 - The company aims to deepen terminal services by enhancing water quality management, disease prevention, and precise feeding techniques, while also linking with animal health services to help farmers reduce costs and increase efficiency [2] - The focus will be on high-end feed products such as shrimp feed and grouper feed, as well as expanding into underperforming regions to solidify its leadership in the special aquaculture feed market [2] - The company will increase service frequency, conduct skill competitions, and strengthen marketing team development to ensure service quality and enhance brand influence through effective case demonstrations and breeding model promotions [2]

Core Viewpoint - Guangdong Yuehai Feed Group Co., Ltd. (Yuehai Feed) has launched the "Yuehai Wealth Creation Campaign: Winning Summer Action" to capitalize on the peak season for aquaculture, aiming for dual goals of customer success in farming and a significant increase in group sales [2][3]. Group 1: Business Performance - From January to April this year, Yuehai Feed collected nearly 300 million yuan in advance payments, representing a year-on-year increase of nearly 50% [2]. - Product sales have shown significant growth, with high-end fish feed up over 15%, small shrimp feed up over 56%, yellow catfish feed up over 66%, live fish feed up nearly 50%, and puffed tilapia feed up over 36% [2]. Group 2: Strategic Focus - The "Winning Summer Action" will benchmark against industry leaders and focus on six strategic initiatives to enhance business operations [3]. - The company plans to strengthen channel cooperation and expand coverage of feed, seedling, and animal health products, while enhancing customer loyalty through continuous service [3]. Group 3: Market Expansion - Yuehai Feed will focus on high-end feed for shrimp, grouper, yellow catfish, and bass, as well as freshwater fish varieties like puffed tilapia and grass carp, targeting weak areas for market penetration [3][4]. - The company aims to achieve the highest market share in key regions and product categories [3]. Group 4: Service and Brand Development - To ensure service quality, Yuehai Feed will increase service frequency at farms and conduct skill competitions to strengthen the marketing team [3]. - Brand enhancement will be pursued through case studies, promotion of farming models, and community initiatives [3].

证券研究报告|行业研究周报 [Table_Date] 2025 年 06 月 03 日 猪肉夏粮收获三成，猪价震荡运行 [Table_Title2] 农林牧渔行业周报第 18 期 风险提示 动物疫病的爆发与传播，产品销售不及预期，转基因种子推广 不及预期。 请仔细阅读在本报告尾部的重要法律声明 [Table_Summary] 本周观点: 种植产业链：据农业农村部，截至 5 月 30 日 17 时，全国已收 获夏粮小麦面积1.29亿亩，收获进度已过三成。湖北、四川及 华南地区麦收圆满收官，安徽过八成，河南过六成，陕西过两 成，江苏近一成半。5 月 30 日开始大范围降雨，本轮降雨有利 于土壤墒情改善，为机播创造良好条件，同时，各地加快抢收 进度，为腾茬机播争取了时间、赢得了主动。下一步，农业农 村部将密切跟踪天气变化，组织有关省份认真抓好麦收工作和 应急抢收抢烘准备，加快推进成熟小麦收晒，切实准备应对天 气变化，努力保障夏粮适收快收、颗粒归仓。同时强化收种衔 接，认真落实机械化措施促进大面积单产提升工作，努力提高 机械化播栽质量效率，为全年粮食丰产丰收打好基础。在粮食 安全背景下，转基因技术在提升单产方面具有革 ...