Content ID

333541

TABLE-China maintains outlook for 2022/23 corn crop

BEIJING, Sept 13 (Reuters) - China's agriculture ministry on Tuesday kept its outlook for the corn crop unchanged from last month, despite high temperatures and low rainfall that impacted corn yields in parts of southern China. The impacted area was limited and growth in northern China was better than last year, according to the Chinese Agricultural Supply and Demand Estimates (CASDE) report. Corn consumption from the industrial processing sector is falling, it added, but demand from the livestock sector is set to increase thanks to better farming profits and lower use of wheat in feed. Key numbers from the monthly CASDE report are below: 2020/2021 2021/22 2022/23 August 2022/23 September Percentag September Forecast Forecast e change Estimate Corn - crop year Oct-Sept Planted acreage 41.264 43.324 42.524 42.524 0.00% (mln hectares) Output (mln 260.66 272.55 272.56 272.56 0.00% tonnes) Imports (mln 29.56 20 18 18 0.00% tonnes) Consumption (mln 282.16 287.7 290.51 290.51 0.00% tonnes) Exports (mln 0 0.02 0.01 0.01 0.00% tonnes) Balance (mln 8.06 4.83 0.04 0.04 0.00% tonnes) Soybean - crop year Oct-Sept Planted acreage 9.882 8.4 9.933 9.933 0.00% (mln hectares) Output (mln 19.6 16.4 19.48 19.48 0.00% tonnes) Imports (mln 99.78 91.02 95.2 95.2 0.00% tonnes) Consumption (mln 113.26 107.88 112.87 112.87 0.00% tonnes) Exports (mln 0.06 0.08 0.15 0.15 0.00% tonnes) Balance (mln 6.06 -0.54 1.66 1.66 0.00% tonnes) Cotton - crop year Sept-Aug Beginning stocks 7.36 7.6 7.16 7.16 0.00% (mln tonnes) Planted acreage 3.17 3.028 3.034 3.034 0.00% (mln hectares) Output (mln 5.91 5.73 5.86 5.86 0.00% tonnes) Imports (mln 2.75 1.75 2.05 2.05 0.00% tonnes) Consumption (mln 8.4 7.9 7.85 7.85 0.00% tonnes) Exports (mln 0.03 0.03 0.03 0.03 0.00% tonnes) Ending Stocks 7.6 7.16 7.19 7.19 0.00% (mln tonnes) Sugar - crop year Oct-Sept Planted acreage 1.453 1.316 1.362 1.362 0.00% (mln hectares) Cane 1.191 1.163 1.163 1.163 0.00% Beet 0.262 0.153 0.199 0.199 0.00% Output (mln 10.67 9.56 10.35 10.35 0.00% tonnes) Cane sugar 9.13 8.7 9.21 9.21 0.00% Beet sugar 1.54 0.86 1.14 1.14 0.00% Imports (mln 6.34 4.5 5 5 0.00% tonnes) Consumption (mln 15.5 15.4 15.6 15.6 0.00% tonnes) Exports (mln 0.13 0.18 0.18 0.18 0.00% tonnes) Balance (mln 1.38 -1.52 -0.43 -0.43 0.00% tonnes) Edible oils - crop year Oct-Sept Output (mln 28.64 27.52 29.25 29.25 0.00% tonnes) Soybean oil 17.14 15.85 16.75 16.75 0.00% Rapeseed 5.72 5.78 6.53 6.53 0.00% Peanut oil 3.37 3.42 3.45 3.45 0.00% Imports (mln 10.74 5.93 8.43 8.43 0.00% tonnes) Palm oil 5.02 3.2 4.5 4.5 0.00% Rapeseed 2.37 1 1.5 1.5 0.00% Soybean oil 1.23 0.38 1.2 1.2 0.00% Consumption (mln 36.35 36.34 36.34 36.34 0.00% tonnes) Exports (mln 0.27 0.27 0.27 0.27 0.00% tonnes) Balance (mln 2.76 -3.16 1.07 1.07 0.00% tonnes) (Reporting by Dominique Patton)

© Copyright Thomson Reuters 2022. Click For Restrictions - http://about.reuters.com/fulllegal.asp

Read more about
Loading...

Talk in Marketing