SOURCE / ECONOMY
By Global Times Published: May 11, 2021 06:23 PM
View of wheat fields in Xi an, Northwest China s Shaanxi Province. Photo: cnsphoto
With sufficient inventory, adequate reserves and abundant supply, China s wheat reserves can meet consumer demand for more than one year, an analyst with the National Food and Strategic Reserves Administration said on Tuesday.
Currently, wheat produced in 2020 and imported wheat are all supplied to the market, and the market supply is fully guaranteed, Wang Xiaohui, chief analyst at the China National Grain and Oils Information Center under the National Food and Strategic Reserves Administration, told a press conference in Beijing on Tuesday.
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China 2021 corn output to rise 4.3% y/y to 272 mln tonnes – govt think tank
China’s 2021 corn output is forecast to rise 4.3% from the previous year to 272 million tonnes, a government think tank said on Friday, in the first estimate by an official agency for the crop to be harvested later this year.
Corn acreage in 2021 is expected to increase 3.3% from the previous year to 42.63 million hectares (105.3 million acres), China National Grain & Oils Information Center (CNGOIC) also said in a statement published on its official WeChat account.
The estimates come after China’s domestic corn prices hit record highs amid tighter supplies of the grain.