China’s ag ministry expects the country’s corn acreage to decline 1.9% to 42.524 million hectares (105.1 million acres) but production is projected to hold virtually steady at 272.6 MMT due to a likely increase in yield. The ministry forecasts corn imports will fall 10% to 18 MMT in 2022-23. Soybean planted acreage is expected to rise 18.3% to 9.933 million hectares (24.5 million acres) and production is projected to increase 18.8% to 19.5 MMT. The ag ministry forecasts 2022-23 Chinese soybean imports at 95.2 MMT, up 2.4% from its estimate for this year.
China’s Corn Acreage Expected to Decline
China’s ag ministry expects the country’s corn acreage to decline 1.9% . . .
(Farm Journal)
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