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.
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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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Where to go from here
Ping ChewHead of RaboResearch Food & Agribusiness - Asia Read more
Sandy ChenSenior Analyst - Dairy
Chenjun PanSenior Analyst - Animal Protein Read more
Lief ChiangAnalyst - Grains & Oilseeds
Jingyan SunAnalyst - Farm Inputs
Stacie WanAnalyst – Supply Chains and Beverages
Michelle HuangAnalyst – Consumer Foods Read more