May 9, 2007

 

China's CNGOIC ups 2007 wheat output forecast, cuts rapeseed
 

 

The China National Grain and Oils Information Centre has raised its 2007 forecast for wheat acreage and output but cut its outlook for rapeseed.

 

In its monthly report issued Wednesday, the government think-tank said it maintains its forecast for acreage and output of soybeans and corn.

 

CNGOIC also raised its forecast for paddy output by 81,000 tonnes.

 

It said the weather in March and April had a negative impact on wheat output, and the final output figure depends on the weather toward the harvest season in June.

 

In its report, CNGOIC raised its grain output estimates for 2006 as well.

 

CNGOIC is affiliated with the State Grain Administration, responsible for providing cereals market information for China's policy makers.

 

   (The following table is taken from CNGOIC's May report.)

 

                2006 Output      Change        2006 Area      Change

                  (tonnes)         on-year        (hectares)       on-year

Soybeans   15,500,000    -5.2 percent     9,100,000     -5.1 percent

Corn          145,480,000   +4.4 percent   26,926,000    +2.2 percent

Wheat        104,470,000   +7.2 percent   23,450,000    +2.9 percent

Rapeseed   12,700,000    -2.7 percent     7,000,000      -3.8 percent

Rice           182,570,000    +0.1 percent   29,100,000    +0.9 percent

 

                  2007 Output      Change         2007 Area       Change

                    (tonnes)          on-year         (hectares)       on-year

Soybeans    15,000,000       -3.2 percent     8,600,000     -5.5 percent

Corn           147,000,000     +1.0 percent    27,600,000    +2.5 percent

Wheat         101,830,000      -2.5 percent     23,350,000  -0.4 percent

Rapeseed    12,000,000      -5.5percent        6,600,000    -5.7percent

Rice            186,881,000     +2.4percent      29,300,000    +0.7percent