Analysis of China's agricultural products supply and demand situation in March 2024 (CASDE-No.93)

Published 2024년 3월 11일

Tridge summary

China's agricultural market in March 2024 remains stable, with active corn and soybean markets, abundant cotton supply, and unchanged edible vegetable oil forecast. However, the intended cotton planting area for 2024 is expected to decrease by 2.9%. Despite some weather-related damage, sugar production for 2023/24 has been slightly adjusted, with beet sugar production increased by 40,000 tons and sugarcane production decreased by 90,000 tons. Internationally, high sugar shipments from Brazil, less than expected sugar production reduction in India, and weak international sugar prices are noted. Future trends will be influenced by factors such as harvesting progress, rainfall in major producing areas, and international sugar prices.

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

Original content

Analysis of China's Agricultural Products Supply and Demand Situation in March 2024 (CASDE-No.93) 2024-03-08 Source: Market Early Warning Expert Committee of the Ministry of Agriculture and Rural Affairs Corn: This month’s forecast of China’s corn supply and demand situation in 2023/24 remains consistent with last month. Domestically, Sinograin continues to increase its purchasing efforts after the Spring Festival, the operating rate of corn deep processing enterprises remains high, market entities actively enter the market, and corn purchases and sales gradually become active. The market price is stable and rising. As the temperature gradually rises in the later period, farmers in the Northeast are increasingly motivated to sell, and it is expected that the progress of grain sales will further accelerate. Internationally, climate conditions in South America have improved recently, most agricultural areas in Argentina have received rainfall, and global corn prices have ...

Source: Foodmate