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November 17, 2008


China 2008 soy output expected to drop 1 million tonnes
                        

 

State Grain Information Centre (SGIC) has adjusted down its forecast of China's soy output this year but maintained the soy planting area, according to November forecast report of SGIC on grain output.

 

SGIC predicated China's soy output to reach 16.5 million tonnes in 2008, 1 million tonnes less than last month's forecast, mainly due to the falling yield and quality.

 

SGIC maintained the forecast on planting areas of corn, wheat, rice and rapeseed as that of October.

 

According to the report, China's corn planting area this year is expected to reach 28.8 million hectares, decreasing by 0.68 million hectares or 2.3 percent from last year. The output drop is attributed to the higher yield of soy pushing some farmers to transfer cornfields for soy.

 

It is predicted that China's corn output will amount to 156 million tonnes in 2008, increasing by 3.7 million tonnes or 2.43 percent over 2007.

                                                                        

The following table shows November forecast of SGIC on output of wheat, rice, soy, and rapeseed.
 
 
Output of 2008 (million tons)
Output of 2007 (million tons)
Change (percent)
Wheat
112.5
109.3
2.93
Rice
189
186.03
1.59
Soy
16.5
12.73
29.66
Rapeseed
11.5
10.57
8.79
                          
The following table shows November forecast of SGIC on planting area of wheat, rice, soybean, and rapeseed.
                            

 

Planting area of 2008 (million hectares)

Planting area of 2007 (million hectares)

Change (percent)

Wheat

23.9

23.72

0.7

Rice

29.2

28.92

0.97

Soy

9.65

8.75

10.24

Rapeseed

6.4

5.64

13.43

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