November 12, 2008

              
China think-tank cuts 2008 soy estimates by 1 million tonnes
                      

 

China's grain think tank Wednesday cut its forecast for the country's soy output this year by 1 million metric tonnes to 16.50 million tonnes.

 

The output cut could be due to a unit yield cut, as the China National Grain and Oils Information Centre kept its soy acreage estimate unchanged.

 

The center in its monthly report kept its output estimates for corn, wheat, rice and rapeseed in 2008 unchanged from its October report.

                           

The following table is from CNGOIC's November report:
 

 

2008 output in tonnes

Change

2008 area

Change on-year

Soy

16,500,000

29.66%

9,650,000

10.24%

Corn

156,000,000

2.43%

28,800,000

-2.30%

Wheat

112,500,000

2.93%

23,900,000

0.76%

Rapeseed

11,500,000

8.77%

6,400,000

13.43%

Rice

189,000,000

1.59%

29,200,000

0.97%