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Corn seed industry landscape ushers in change, industry development stands at a crossroads
A comprehensive perspective on the corn seed market. Looking across the development of China's corn seed industry, it presents the following characteristics: (1) From the perspective of market size, the corn seed market has grown rapidly, with a 9-year compound growth rate reaching 13.8%; (2) From the supply and demand side, oversupply has become the norm in the corn seed industry;
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Corn planting area may hit a new record high, seed industry enters a new round of prosperity
Recently, the industry publication Oil World in Hamburg, Germany, stated that because farmers switched to planting corn, China's soybean planting area will decrease by 7% this year, dropping to the lowest level in 22 years, while the corn planting area may increase to a record level. This year, both corn output and imports will
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Who is the driving force behind the increase in China's corn imports?
In July this year, China's corn imports reached 86,000 tonnes, up 217% month-on-month and up 18% compared with the same period last year. In recent years, corn imports have climbed steadily, showing explosive growth since 2010, jumping from 83,000 tonnes in 2009 to 1.572 million tonnes, an increase of nearly 18 times year-on-year.
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China is set to stockpile corn in large quantities for the third consecutive year, with the volume expected to reach about 4
Industry analysts say that in the 2014/15 marketing year, the Chinese government may stockpile corn in large quantities for the third consecutive year, because domestic demand is unlikely to recover quickly and a bumper harvest has left supply ample. China is the world's second-largest corn consumer; analysts say that in the 2014/15 marketing year
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A bumper corn harvest is a foregone conclusion, but market risks warrant vigilance
Golden October is exactly the harvest season in Heilongjiang, and as far as the eye can see there are endless stretches of corn and soybeans. The vast black soil has upheld this region's status as China's largest grain-producing area through its bounty. A reporter recently followed an inspection team from Harbin to Suihua, through Bei'an, past Wudalianchi, as far north as Heihe, then back through Nenjiang, Nehe and Mo Banner in Inner Mongolia, and finally returning to Harbin via Qiqihar, Longjiang and Daqing, a journey of 2,500 kilometers. Through on-site surveys, visits to farming households, seed dealers and grain purchasers, and in-depth discussions with large-scale grain growers, planting associations, state-owned grain depots and processing enterprises, it was learned that the Northern Granary will again welcome a bumper year.
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Experts estimate that China's corn production will drop by about 12 billion jin in 2014
At the 2014 National Coarse Grains and Corn Market Analysis and Production-Marketing Linkage Conference held recently in Nanchang, relevant experts analyzed and concluded: China's total corn output in 2014 is expected to be about 424.6 billion jin, a decrease of about 12 billion jin from the previous year, a decline of 2.75%. Experts estimate that China's corn production will drop by about
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China's large-scale corn high-yield record raised by more than 100 kg again
The Ministry of Agriculture recently organized experts for acceptance inspection. The Institute of Crop Sciences of the Chinese Academy of Agricultural Sciences achieved a new record of 1227.6 kg per mu in average yield per mu in the 10,000-mu corn demonstration field of the 71st Regiment of the Fourth Division of the Xinjiang Production and Construction Corps, an increase of more than 100 kg over the national large-scale high-yield record of 1113.4 kg/mu set in 2012.
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Corn starch futures will drive the upgrading and development of China's corn industry chain
After a long wait, corn starch has finally been approved for listing, which means the futures market will provide new guaranteed support for the extension and development of the corn processing industry. On the 21st, a spokesperson for the China Securities Regulatory Commission stated that the CSRC has approved the Dalian Commodity Exchange
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2014 Northeast China corn temporary purchase and storage price announced
The National Development and Reform Commission, the State Administration of Grain, the Ministry of Finance, and the Agricultural Development Bank of China jointly issued the "Notice on Issues Concerning the National Temporary Storage and Purchase of Corn in Northeast China in 2014." The notice states that in 2014 the state will continue to implement the temporary corn purchase and storage policy in the three northeastern provinces and Inner Mongolia.
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Temporary storage corn mold rate standard expected to be relaxed soon
Affected by weather factors, mold has commonly occurred in corn in Northeast China, causing many corn loads to be turned away when sold and delivered to warehouses, and farmers in some areas have difficulty selling grain. According to reporters, this year farmers' corn mold rate is far higher than the procurement and warehousing standard of Sinograin, which has led to turned-away trucks and difficulty selling grain. Relevant state departments may issue documents in the coming days to relax the warehousing standard for moldy corn.
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