November 15, 2011
China National Grain and Oils Information Centre (CNGOIC) on Monday (Nov 14) kept its forecast for corn output unchanged at 184.5 million tonnes, an increase of 4% from 2010 and a record high.
It forecast soy production to fall 10.5% to 13.5 million tonnes, whereas wheat output to climb 1.38% to 116.8 million tonnes.
The state-backed grain research arm estimated China's corn planting areas to grow 2% to 33.15 million hectares this year, while wheat acreage to fall 0.23% to 24.2 million hectares. Soy acreage is seen down 10.17% to 7.65 million hectares.