Prediction on grain production In China

by S. C.

In 2008, the yield of grain in China was about 0.51 billion tons, a little bit growth in 2007. The three major types of grain in China are rice, wheat and corn. In recent years, grain yield in China keeps a steady growth and the price is steady. However, northern production areas of wheat suffered serious drought at the beginning of 2009, and the stricken areas went beyond 23 million acres. It is predicted that the wheat price will rise in 2009, with the possibility of advance in the whole grain price.

Recently, the policies of canceling agricultural taxes issued by Chinese government and dispensing subvention are favorable to the grain production. However, the shift of rural workforce to cities and high price of chemical fertilizers and pesticides lead to the less growth of grain production.

There are at least 5000 local grain processing enterprises in China. Meanwhile, many international grain processing tycoons have entered in China.

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