China’s grain output expected to remain stable
China’s grain output is expected to maintain stable growth this year, building upon earlier gains, a report said Wednesday.
Grain output is expected to reach 688 million tonnes in 2022 thanks to the country’s preferential policies, according to a report released at the 2022 China Agricultural Outlook Conference sponsored by the Agricultural Information Institute under the Chinese Academy of Agricultural Sciences.
It is projected that the output of rice, wheat and corn, China’s three major crops, will remain steady, while soybean output will increase by 25.8 percent and oil output is forecasted to rise by 1.9 percent, the report said.
However, consumption growth of grain, meat, cotton and sugar is expected to slow as the impact of COVID-19 on the economy continues to linger in the short term, it said.
Read also
Romania acquires Giurgiulești port: Deal officially confirmed
Registration for BLACK SEA GRAIN.KYIV goes on – join with Early Ticket by Ja...
Ukraine’s corn harvest is approaching the level forecasted by the USDA
Australia expresses disappointment over China’s imposition of 55% beef duties
Sunseed prices in Ukraine are rising again following oil prices, but will be limit...
Write to us
Our manager will contact you soon