China's corn production 2016/17 drops to 4.1% - AG Ministry

China, the world's second largest corn consumer, will produce in 2017 4.1% less corn and imports will decline to 68.8%. It estimates the Ministry of agriculture in Beijing.
The hot concrete, that China expected a maize harvest of 215.3 million tons in 2017 and in this marketing period, corn will import a million tons. In the previous season, 3.2 million tons of imported corn and 224.6 million tonnes harvested corn.
The last harvest estimate was lower still 680,000 tons, but the acreage and yield estimates have been corrected both upwards. Since mid-2016, China published also a monthly report on supply and demand for agricultural raw materials similar to the USDA.
Beijing estimated the soybean crop of the country to 12.5 million tonnes, 7.7% are more than in the previous year, according to the current report.
The production of edible oils rises to 25.85 million tons in 2016/17 to 60,000 tons. This is first and foremost on best sowing conditions for the rapeseed stocks in China, the production of Chinese rape seed oil is estimated at 5.6 million tons. In addition, China wants to import 5.65 million tons of edible oils (mainly palm oil).

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