世界种业市场正发生深刻的变革，国际大型种业公司规模不断壮大，通过外延并购，种业集中度不断提高，种业企业正在向多元化、集团化与国际化发展。纵观全球种业企业市场，呈现中、德、美三足鼎立局面，TOP20 种业集团形成“两超、四强、差异化发展”的新格局。

2020Q4 重仓农业个股TOP10 中，海大集团、牧原股份、金龙鱼、圣农发展等管理层优秀的成长股拔得头筹，荃银高科、隆平高科这两大种业头部企业的重仓占比在2020Q4 明显提升，基金增持比例较大。此外，基金对生猪板块的偏好明显，2020Q4 重仓持股总市值排名前五的标的中有三家都属于生猪板块，分别为牧原股份、大北农、正邦科技，展现了生猪板块在农业板块资产配置中的卓越地位。

根据Wind 数据显示，公募基金2020 年4 季度报告基本披露完毕。我们以申万农林牧渔成分股为主，对基金的农林牧渔板块持仓情况及其变化趋势进行分析。统计口径选取为主动偏股+灵活配置型基金前十大重仓股，标准配置比例计算为行业的自由流通市值占A 股总体自由流通市值的比重。

本周猪价小幅回落。截至1 月22 日，国内外三元生猪均价为35.12元/kg，较上周价格下跌1.20 元左右；仔猪价格震荡，目前价格约为84.09元/kg，较上周价格下跌0.11 元左右；白条肉均价约为45.37 元/kg，较上周价格下跌1.69 元左右。

Molasses is a byproduct of the sugar refining industry. A hundred tons of sugar cane will give 10-11 tons of sugar and 34 tons of molasses. Sugar cane molasses is an organic waste material obtained from raw sugar during the refining process at sugar refineries. The effects of cane molasses percentage replacement on bitumen were examined by means of a various laboratory tests including PG (Performance Grade), RTFO (Rolling Thin- Film Oven).

Pure coconut water is the clear liquid found inside green coconuts. Nutritionally, coconut water does contain some nutrients, including the B vitamins Riboflavin (B2), Niacin (B3), pantothenic acid, folic acid, biotin, as well as trace amounts of thiamin (B1), Vitamin C, potassium, and sodium. Pure coconut water is made available in various flavors by the key players in the market. For analysis, the report is segmented into packaging type, flavor, portion size, end user, distribution channel, and region. The report scope includes various packaging types of pure coconut water, including plastic bottles, tetra packs, and cans. The categories of pure coconut water considered in the scope of the study include original flavor, fruit flavor, chocolate flavor, and others. The portion size segment includes small portion (less than 600ml) and large portion (more than 600ml). Based on end user, it is segmented into household, food services, catering services, and others. Moreover, it highlights the revenue generated from the sale of pure coconut water through various distribution channels such as direct distribution and retail distribution. Furthermore, it includes the revenue generated from sales of pure coconut water across North America, Europe, Asia-Pacific, and LAMEA.