December 15, 2011
China's 2011 major grain harvests seen up; oilseeds down
The China National Grain and Oils Information Centre (CNGOIC) Wednesday (Dec 14) forecast that the country's major grain crops harvests would rise this year, while its soy and rapeseed production would see a decline.
The state-backed think-tank estimated in its monthly report that China would yield 191.75 million tonnes of corn, 117.92 million tonnes of wheat and 200.78 million tonnes of rice in 2011, respectively up 8.18%, 2.38% and 2.56% over last year.
However, the country's soy output was expected to drop 10.5% to 13.5 million tonnes while its rapeseed production would likely dip 4.45% to 12.5 million tonnes, the report said.
