August 7, 2006

China's 2006 soybean output likely to fall to 15.9 million tonnes

National Grain and Oil Information Centre, a major government backed think-tank in China's agricultural sector, said that the country's soybean production for 2006 is expected to drop 2.7 percent to 15.9 million tonnes Friday (Aug 4).

The following table includes the NGOIC's estimates in August of this year's output and acreage of major crops. (The estimates are due to be released at the beginning of every month.)

            2006 Output      Change          2006 Area       Change

             (tonnes)         on year          (hectares)        on year

 Soybeans   15,900,000     -2.7 percent      9,100,000       -5.1 percent

 Corn       142,000,000     +1.9 percent    26,900,000      +2.1 percent

 Wheat     103,100,000     +5.8 percent    23,270,000      +2.1 percent

 Rapeseed   12,200,000     -6.5 percent      6,740,000       -6.9 percent

 Rice       185,950,000     +3.0 percent    29,200,000      +1.3 percent