China F&A Outlook 2020: Navigating the Slowdown and Changes

China’s F&A sector is likely to weaken further in 2020, due to a slowing economy, ASF, tightening spending as a result of high debt levels, financial market uncertainties, and food-price inflation, according to Rabobank’s latest China Food & Agribusiness Monthly report.

Report summary

The ‘phase-one’ US-China trade deal has eased sentiments, but some of the thorniest issues remain unresolved. Positive factors for F&A include ongoing urbanization, rising consumption in lower-tier cities, and value upgrading. The latter will continue across many sectors, leading to product innovation and changes in company portfolios. Upstream, major industry restructuring and consolidation is taking place, facilitated by policies and events (like diseases). In the downstream retail sector, local companies, especially e-commerce giants, are also initiating consolidation and transformation, even up the supply chain, tapping into ongoing consumer health and nutrition trends, safety demands, and relaxed data privacy concerns. China’s F&A sectors will continue to modernize.

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  • Ping Chew

    Head of RaboResearch Food & Agribusiness - Asia
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  • Sandy Chen

    Senior Analyst - Dairy
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  • Chenjun Pan

    Senior Analyst - Animal Protein
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  • Lief Chiang

    Analyst - Grains & Oilseeds
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  • Jingyan Sun

    Analyst - Farm Inputs
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  • Stacie Wan

    Analyst – Supply Chains and Beverages
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  • Michelle Huang

    Analyst – Consumer Foods
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