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China's rice area at 30.37 million hectares; rapeseed output expected to exceed level of 7 years ago
China's rice area reaches 30.37 million hectares. According to estimates by the National Bureau of Statistics, in 2015 China's rice planting area increased by 0.2% over the previous year, reaching 30.37 million hectares. Among this, this year's early rice planting area was flat compared with the previous year, at about 5.8 million hectares or so. If calculated based on the per-unit yield trend of recent years, 2015 early rice output could reach a level of about 34.5 million tons. Statistics show that from May last year to now, the total transaction volume of the three types of rice was 6.79 million tons, of which early rice transactions were 810,000 tons, middle and late rice transactions were 3.32 million tons, and japonica rice transactions were 2.66 million tons. Before the new grain comes to market, the remaining policy-related rice volume is still relatively large, and the pressure on the market remains fairly significant.
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