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China Soyabean Production Forecast Down

05 November 2013
USDA Foreign Agricultural Service

CHINA - MY13/14 soybean production is forecast at 11.8 million tons, down slightly from the previously forecast of 12 million tons, due to lower soybean area and yield in the northeastern provinces.

MY13/14 rapeseed and peanut production is forecast at 13.2 million tons and 16 million tons, unchanged from the August data.

Driven by a supply gap between recovering animal husbandry feed demands and estimated falling soybean stocks, soybean imports are forecast to exceed 67.5 million tons in MY13/14, up from the estimated 60 million tons in MY12/13.

Note: 2013 exchange rate $1=RMB 6.1

Further Reading

You can view the USDA GAIN: China Oilseeds and Products Update by clicking here.

 

TheCropSite News Desk



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