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China’s Wheat Production in MY13/14 Revised Downward

08 July 2013
USDA Foreign Agricultural Service

CHINA - Post’s estimate for China’s wheat production in marketing year (MY) 13/14 is revised to 118 million tons, a two per cent decrease from the previous year, due to yield losses from adverse weather.

MY13/14 wheat imports are forecast at four million tons, an increase of one million tons from MY12/13 as international prices are price competitive with local wheat in feed and flour mills.

In MY13/14, corn acreage is estimated to rise two per cent from the previous year as farmers favor corn planting over soybeans, tubers or other minor grains. Corn production is forecast at 210 million tons, assuming a better than average yield.

MY13/14 corn imports are forecast at five million tons as domestic consumption continues to outpace production.

Rice imports in MY13/14 are estimated at three million tons, due to its price competitiveness over domestic rice, which is supported by a government floor price.

During MY13/14, the government is likely to increase imports of such grains to replenish state reserves or meet demand by private sector companies.

Further Reading

You can view the USDA GAIN: China Grain and Feed Update report by clicking here.

TheCropSite News Desk



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