Analysis of China's agricultural product supply and demand situation in December 2020 (CASDE-No.54)

Published 2020년 12월 11일

Tridge summary

China's agricultural market forecast for 2020/21 remains stable with faster corn sales and higher temperatures benefiting the market in the northeast. Domestic live pigs and reproductive sows resumption in growth, high poultry stocks, and increased feed consumption are expected to keep corn consumption stable. Soybean supply is tight due to farmer reluctance to sell, leading to price stabilization. International soybean prices are expected to stabilize despite USDA's reduced production and South American precipitation. Cotton picking is nearly completed, and prices are fluctuating. Edible vegetable oil production is estimated at 27.65 million tons, and global inventory consumption ratio is expected to support high prices. Sugar production may be affected by adverse weather, but imports remain high, and domestic supply is sufficient.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Corn: This month forecasts that China's corn supply and demand data for 2020/21 will remain the same as last month. The current new season corn sales progress is faster than the same period of the previous year. It is expected that the northeast region will have higher temperatures and less precipitation in the later period, which is beneficial to the purchase and sale of the corn market , The effective supply will continue to increase, and the price is expected to stabilize. In terms of consumption, domestic live pigs and reproductive sows continue to resume growth, while the stocks of eggs and poultry are still at a high level, and the demand for feed consumption continues to grow, considering corn substitutes The substantial increase in imports has formed an obvious substitute for corn forage consumption, and the overall corn consumption is basically stable. In the international market, due to the decline in global corn stocks at the end of the period, the price is expected to ...

Source: Foodmate