Ministry of Agriculture and Rural Affairs: 2024/25, China's total corn output 297.01 million tons, an increase of 2.8% over the previous year

Golden Ten Futures, May 10, the Ministry of Agriculture and Rural Affairs released an analysis of the supply and demand situation of China's agricultural products. It is expected that in 2024/25, China's corn planting area will be 44,886 thousand hectares (673 million mu), an increase of 667 thousand hectares (10 million mu) from the previous year, an increase of 1.5%. The reason is that last year's corn planting income declined, but the cost of land transfer has declined, and farmers are still motivated to plant. < br > This year, the meteorological conditions in the corn producing areas are generally conducive to spring plowing and spring sowing. The meteorological conditions are suitable, the soil moisture is better than last year, and the large-scale yield improvement action of major crops such as grains and oils is steadily advancing. It is expected that the corn yield per hectare will be 6617 kilograms (441 kilograms per mu), an increase of 1.3% < b > Total output 297.01 million tons, an increase of 2.8% over the previous year . < br > On the demand side, corn prices are running low, deep processing enterprises have a high uptake rate, and corn industrial consumption will increase. Pig production capacity will continue to be reduced but wheat feeding consumption is expected to decrease. Corn feeding consumption will increase steadily and slightly. It is expected that corn consumption in 2024/25 will 299.64 million tons, an increase of 1.6% over the previous year. < br > In terms of import and export, the gap between domestic corn production and demand will be further narrowed. It is expected that corn imports will decrease to 13 million tons, a decrease of 6.50 million tons over the previous year. < br > < img src = "https://flash-scdn.jin10.com/dd1ab4a5-baca-4acd-b3fa-a7cd405bc624.png" referrerpolicy = "no-referrer" >