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
USDA forecasts sharp decline in wheat and barley production in Kazakhstan
Ukraine complained to Israeli police about buyers of stolen grain
Palm oil’s competitiveness in the global market will deteriorate
Missed BLACK SEA GRAIN? Get Full Access to Conference Insights!
Record Oilseed Output Reshapes Market Balance and Pressures Margins
Write to us
Our manager will contact you soon