Bloomberg News

China State Grain Researcher Increases Corn Output Estimate

October 13, 2011

(Adds previous forecast in second paragraph.)

Oct. 13 (Bloomberg) -- China, the second-biggest corn grower, may boost output this year by 3.9 percent to a record of 184.5 million metric tons, the China National Grain & Oils Information Center said in an e-mailed report today.

The forecast is 2 million tons more than a previous projection made by the state-owned researcher, according to calculations by Bloomberg News. Output may reach a record 182.5 million tons, the center’s Director Shang Qiangmin said Sept. 5.

Soybean output this year may plunge 10.5 percent to 13.5 million tons, while wheat may gain 1.4 percent to 116.8 million tons, the center’s report today said.

The following lists production and area numbers. Units are in 1,000 hectares and 1,000 tons:

*T 2008 2009 2010 2011 Change Area Corn 29,864 31,183 32,500 33,150 2.0% Wheat 23,617 24,291 24,256 24,200 -0.2% Rice 29,241 29,627 29,873 30,351 1.6% Soybean 9,127 9,190 8,516 7,650 -10.2% Rapeseed 6,594 7,278 7,370 7,100 -3.7% Peanuts 4,246 4,377 4,527 4,700 3.8%


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