News

China set for bumper harvests of grains and oilseeds

Grains, Cereal & Legumes
China
Market & Price Trends
Published Apr 23, 2024

Tridge summary

China is poised for another year of robust grain and oilseed harvests, with an expansion in winter wheat and rapeseed planting and healthy seedling growth, as reported by the agriculture ministry. Despite challenges like trade tensions, climate disasters, and military conflicts, China aims to boost its grain production by 50 million metric tons by 2030, with a focus on soybeans and corn. This goal is supported by favorable prices and government subsidies, leading to increased planting areas for key crops expected to be harvested around April to May. Additionally, the country is experiencing a rise in agricultural product consumption, spurred by the recovery of the tourism and restaurant sectors, though demand from manufacturing and wholesale has yet to meet expectations.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

China is set for another year of bumper harvest of grains and oilseeds, helped by expanded planting of winter wheat and rapeseed and healthy growth of seedlings,the country’s agricultureministry said on Friday. The world’s second-biggestcorn grower reported a record corn crop of 288.8 million metric tons last year but continues to aim for larger outputamid rising tensions with some trade partners, climate-related disasters and military conflicts. China aims to boost grain production by 50 million metric tons by 2030, with a focuson soybeans and corn, although state media have reported production hitting a bottleneck. Good prices and government subsidies have encouraged farmers to expand winter wheat and rapeseed planting, said Pan Wenbo, the ministry’s director-general of cultivation management.These crops are usually harvested around April to May. “I went to the main producing areas of Hebei, Shandong, Henan and Anhui, indeed the wheat fields are healthy, robust… good seedlings ...
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