China plans to increase soybean production by 40% by 2025
Soybean
China
Published Jan 18, 2022
Original content
Chinese authorities have set a goal of producing 23 million tons of soybeans against the current figure of 16.4 million tons, according to World Grain. It is noted that China relies on the world market for 85% of soybean stocks. The country is heavily dependent on several importing countries, so in 2019 China has developed a plan to resume domestic soybean production. Despite plans, soybean production fell by 16% in 2021 as some farmers decided to produce more profitable crops such as corn. The five-year plan calls for China to cultivate land specifically for soybean cultivation, expand soybean and corn rotation programs, and focus on increasing soybean yields. Such actions will increase crops and the production of other oilseeds, such as rapeseed and peanuts, to meet the growing demand for oil and feed protein. "China also plans to produce 140 million tons of wheat and 277.5 million tons of corn by 2025," the statement said. Certificate. China has managed to accumulate most of ...
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