"Wifes don't use nourishing oil to nourish themselves."
"The Chinese people are no longer alone. There are people in the world who accompany us to eat cooking oil."
"The waste oil is really omnipotent."
Ditch oil has become the focus of public attention, this time also affect the feed industry. On the morning of September 3rd, China’s leading agricultural enterprise Tang Renshen issued an announcement, saying that public media reporting information may have a significant impact on the company's stock trading price and temporarily suspend trading for one day.
On the evening of September 3rd, Tang Renshen issued a clarification announcement saying that media reports that the company’s subsidiary, Henan Zhongyuan Xiangda Camel Feed Co., Ltd. had business contacts with Henan Huikang Oil & Grease Co., Ltd. in 2009 and 2010, a total of 7 Purchased Fourth Grade Soybean Oil from Henan Wellcome. Except that Zhongyuan Xiangda had purchased soybean oil from Henan Huikang, there was no case where the company and other subsidiaries purchased soybean oil from Henan Wellcome. From June 2009 to September 2010, Zhongyuan Xiangda once purchased soybean oil totaling 34.02 tons from Henan Huikang, which accounted for 4.2% of the procurement of oil and fat raw materials for the same period. At that time, the inspection results all met the national standards.
In addition to Chinatown's suspected oil spill, Qilu Pharmaceutical and Chia Tai Group were involved in waste oil incidents. China's waste oil incident is gradually escalating.
Waste oil medicine?
A few days ago, the case of the “drainage oil†sales link that had aroused great repercussions throughout the country was held in Ninghai County People’s Court. The 11 defendants were heads of staff and employees of two oil companies in Henan. The involved companies sold the blended soybean oil to the food, feed, and pharmaceutical raw material production enterprises in the name of normal soybean oil for the production of food, feed, and pharmaceutical raw materials, thereby obtaining huge illegal profits.
The trial of the waste oil case revealed the inside story of the pharmaceutical sector: Jiaozuo Health Yuan continuously purchased 145 million yuan of waste oil for a year and a half to produce the key part of the main cephalosporin of the international antibiotic market today (7 -ACA). It is reported that such health products, occupy a quarter of the total market. The United States World News Network pointed out that the company's production of waste oil as raw materials not only spreads extensively to the Chinese pharmaceutical market, but also sells well in more than 20 countries and regions such as the United States, Europe, Japan, South Korea and India, causing panic. User microblogging called "Jiaozuo Trench Oil Pharmaceutical! Parents must be careful!"
The reporter wanted to ask the Henan Food and Drug Administration, the contact person of the office operator, about this matter, and made multiple calls. The phone has not been connected.
On September 1, the People's Government of Jiaozuo City, Henan Province issued an announcement that the Jiaozuo Municipal Party Committee and the Municipal Government attached great importance and immediately established an investigation team composed of relevant departments of the city to enter the company. At present, the investigation work is in progress. After the results of the survey are released, it will be announced to the public at the first time.
In the feed industry, guns were reported by the media. In this case, 62 companies were involved in the “oil blending oil for cooking oil†supplied by Henan Huikang Oil & Fats Co., Ltd., including more than 50 feed companies, subordinates to Dabei Nong and Tangren Gods. The company is also involved in the waste oil case. According to industry analysts, the Cathay Pacific Fund and Invesco Great Wall Fund, which hold these two companies together, will be affected.
Tang Renshen, the country’s first batch of leading agricultural industrialization enterprises, ranks among the top 10 in the feed and meat industry and has entered the top 500 manufacturing industries in China. Zhongyuan Xiangda Camel Feed Co., Ltd., a subsidiary company of Tangren God, was found to have business contacts with Wellcome in 2009 and 2010, and purchased Wellcome's Grade 4 soybean oil 7 times in total.
The Dabei Nong’s media reported that the case involving oil in the trenches was temporarily suspended on August 31. As of the press release, the company still did not resume trading. Before the press release, the stock price closed at 18.21 yuan, down by 0.38%. This was also influenced by Tang’s God on September 3. Daily suspension, the stock price was 11.86 yuan before the suspension, up 0.85%.
Feed oil is an animal nutrient oil that is added to the feed and is mainly used to increase the fat content in the feed and to improve feed texture. It is understood that China has not yet introduced regulations to prohibit companies from using feed oil for feed processing, and only a few provinces in Shandong have issued administrative bans. The “Regulations on the Administration of Feed and Feed Additives†implemented by the State Council on May 1, 2012 clearly stipulates that the prohibition of the release of prohibited substances by the State Council's agricultural administrative department and other direct or potential harm to the human body in feed and animal drinking water shall be prohibited. Substances, or animals directly cultured using the above substances.
Impact of Waste Oil Song Ruilin, executive president of the China Pharmaceutical Industry Research and Development Association, interviewed by the “International Finance†reporter, clarifying that the “ditch oil pharmacy†of the Internet is not simply a matter of adding waste oil to medicines. It is actually waste oil. Produce an intermediate for pharmaceutical production. Song Ruilin said frankly that he is also waiting for the inspection and judgment of pharmaceuticals by state drug regulatory agencies and other authoritative agencies. "The question that is most concerned now is whether the intermediates produced by waste oil have an impact on the quality of medicines."
On August 30th, Health Yuan held a media briefing session. Chairman Zhu Baoguo threw out the use of cooking oil in production as "a manure irrigated the crops" argument, which attracted controversy. On the second day after the briefing session, the healthy Yuan Fu card would stop falling. The reporter interviewed a biopharmaceuticals researcher in this regard. In his opinion, "ditch oil pharmaceuticals" should have a certain influence on the companies involved, but it has little impact on the entire industry. "The antibiotics of cephalosporins are not available, there are no other alternatives, and they can only be managed more intensively, using regular raw materials."
With the deepening of the investigation, in addition to pharmaceuticals, some other industries have "shot in the gun" because of waste oil, and the follow-up impact will remain to be examined.
"The Chinese people are no longer alone. There are people in the world who accompany us to eat cooking oil."
"The waste oil is really omnipotent."
Ditch oil has become the focus of public attention, this time also affect the feed industry. On the morning of September 3rd, China’s leading agricultural enterprise Tang Renshen issued an announcement, saying that public media reporting information may have a significant impact on the company's stock trading price and temporarily suspend trading for one day.
On the evening of September 3rd, Tang Renshen issued a clarification announcement saying that media reports that the company’s subsidiary, Henan Zhongyuan Xiangda Camel Feed Co., Ltd. had business contacts with Henan Huikang Oil & Grease Co., Ltd. in 2009 and 2010, a total of 7 Purchased Fourth Grade Soybean Oil from Henan Wellcome. Except that Zhongyuan Xiangda had purchased soybean oil from Henan Huikang, there was no case where the company and other subsidiaries purchased soybean oil from Henan Wellcome. From June 2009 to September 2010, Zhongyuan Xiangda once purchased soybean oil totaling 34.02 tons from Henan Huikang, which accounted for 4.2% of the procurement of oil and fat raw materials for the same period. At that time, the inspection results all met the national standards.
In addition to Chinatown's suspected oil spill, Qilu Pharmaceutical and Chia Tai Group were involved in waste oil incidents. China's waste oil incident is gradually escalating.
Waste oil medicine?
A few days ago, the case of the “drainage oil†sales link that had aroused great repercussions throughout the country was held in Ninghai County People’s Court. The 11 defendants were heads of staff and employees of two oil companies in Henan. The involved companies sold the blended soybean oil to the food, feed, and pharmaceutical raw material production enterprises in the name of normal soybean oil for the production of food, feed, and pharmaceutical raw materials, thereby obtaining huge illegal profits.
The trial of the waste oil case revealed the inside story of the pharmaceutical sector: Jiaozuo Health Yuan continuously purchased 145 million yuan of waste oil for a year and a half to produce the key part of the main cephalosporin of the international antibiotic market today (7 -ACA). It is reported that such health products, occupy a quarter of the total market. The United States World News Network pointed out that the company's production of waste oil as raw materials not only spreads extensively to the Chinese pharmaceutical market, but also sells well in more than 20 countries and regions such as the United States, Europe, Japan, South Korea and India, causing panic. User microblogging called "Jiaozuo Trench Oil Pharmaceutical! Parents must be careful!"
The reporter wanted to ask the Henan Food and Drug Administration, the contact person of the office operator, about this matter, and made multiple calls. The phone has not been connected.
On September 1, the People's Government of Jiaozuo City, Henan Province issued an announcement that the Jiaozuo Municipal Party Committee and the Municipal Government attached great importance and immediately established an investigation team composed of relevant departments of the city to enter the company. At present, the investigation work is in progress. After the results of the survey are released, it will be announced to the public at the first time.
In the feed industry, guns were reported by the media. In this case, 62 companies were involved in the “oil blending oil for cooking oil†supplied by Henan Huikang Oil & Fats Co., Ltd., including more than 50 feed companies, subordinates to Dabei Nong and Tangren Gods. The company is also involved in the waste oil case. According to industry analysts, the Cathay Pacific Fund and Invesco Great Wall Fund, which hold these two companies together, will be affected.
Tang Renshen, the country’s first batch of leading agricultural industrialization enterprises, ranks among the top 10 in the feed and meat industry and has entered the top 500 manufacturing industries in China. Zhongyuan Xiangda Camel Feed Co., Ltd., a subsidiary company of Tangren God, was found to have business contacts with Wellcome in 2009 and 2010, and purchased Wellcome's Grade 4 soybean oil 7 times in total.
The Dabei Nong’s media reported that the case involving oil in the trenches was temporarily suspended on August 31. As of the press release, the company still did not resume trading. Before the press release, the stock price closed at 18.21 yuan, down by 0.38%. This was also influenced by Tang’s God on September 3. Daily suspension, the stock price was 11.86 yuan before the suspension, up 0.85%.
Feed oil is an animal nutrient oil that is added to the feed and is mainly used to increase the fat content in the feed and to improve feed texture. It is understood that China has not yet introduced regulations to prohibit companies from using feed oil for feed processing, and only a few provinces in Shandong have issued administrative bans. The “Regulations on the Administration of Feed and Feed Additives†implemented by the State Council on May 1, 2012 clearly stipulates that the prohibition of the release of prohibited substances by the State Council's agricultural administrative department and other direct or potential harm to the human body in feed and animal drinking water shall be prohibited. Substances, or animals directly cultured using the above substances.
Impact of Waste Oil Song Ruilin, executive president of the China Pharmaceutical Industry Research and Development Association, interviewed by the “International Finance†reporter, clarifying that the “ditch oil pharmacy†of the Internet is not simply a matter of adding waste oil to medicines. It is actually waste oil. Produce an intermediate for pharmaceutical production. Song Ruilin said frankly that he is also waiting for the inspection and judgment of pharmaceuticals by state drug regulatory agencies and other authoritative agencies. "The question that is most concerned now is whether the intermediates produced by waste oil have an impact on the quality of medicines."
On August 30th, Health Yuan held a media briefing session. Chairman Zhu Baoguo threw out the use of cooking oil in production as "a manure irrigated the crops" argument, which attracted controversy. On the second day after the briefing session, the healthy Yuan Fu card would stop falling. The reporter interviewed a biopharmaceuticals researcher in this regard. In his opinion, "ditch oil pharmaceuticals" should have a certain influence on the companies involved, but it has little impact on the entire industry. "The antibiotics of cephalosporins are not available, there are no other alternatives, and they can only be managed more intensively, using regular raw materials."
With the deepening of the investigation, in addition to pharmaceuticals, some other industries have "shot in the gun" because of waste oil, and the follow-up impact will remain to be examined.
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