According to a recent report from China's
Ministry of Agriculture and Rural Affairs, the seed supply for spring and
summer sown crops meets the planned level necessary for planting. Due to an
abundance of seed for soybean and oil crops, farmers will also be able to
expand these crops to new farmland. The types and planting areas of soybean and
oil crops will vary, and the prices of soybean and oil crops this year are
slightly higher than last year. Currently, as the spring harvest has progressed
from the south to the north, the seed market has gradually started to increase
in activity.
China's grain seed supply continues to grow with support from government
The monitoring systems of China's National
Agricultural Technology Extension Service Center show that in 2022, China's
supply of conventional rice and hybrid rice, corn, cotton seeds and potato seed
potatoes will significantly exceed the demand, and the relation between supply
and demand will be loose. The total supply of soybean commercial seeds increased
by 13% compared to last year. According to the calculation of the number of
seeds used throughout the year, in addition to the farmers' own seeds, the
current available seed will meet the needs of soybean expansion and the
promotion of soybean and corn belt composite planting.
China's three major grain crops are rice,
wheat, and corn. China's Ministries of Finance and of Agriculture and Rural
Affairs provide farmers of these crops with extensive subsidies, including full
cost insurance and planting income insurance, in an effort to support the
development of modern agriculture and ensure national food security.
China's Ministry of Agricultural and Rural Affairs executes economic
plan for stable seed and crop markets
Currently, China's Ministry of Agriculture and
Rural Affairs is carrying out an agricultural plan with four specific goals.
The first goal of this economic plan is to strengthen regulation regarding
planting schedules and planting conditions, monitor the supply and demand
dynamics of various seeds and crops across the country, and closely track the
trends of the seed and crop markets. The second goal of this economic plan is
to strengthen seed supply chains, as well as to establish a national seed
supply system that ensures that key regions are provided with seeds of key
crops wheneer necessary. The system aims to find seed surpluses and deficits
and to ensure that regions across China have enough seed for successful
planting. The third goal of this economic plan is to strengthen market supervision,
cooperate closely with relevant local government bodies, carry out in-depth
seed industry supervision and law enforcement activities, strengthen random
inspection and law enforcement of seed quality, strictly investigate and punish
illegal acts of producing and selling fake or low quality seeds, and take firm
measures against those who maliciously drive up seed prices and disrupt market
order. The fourth goal of this economic is to strengthen national seed
reserves. In 2022, the state possessed 50 million kilograms of seed reserves
for disaster relief and famine preparation measures, which can meet
agricultural production needs, disaster relief needs, and market adjustment
needs throughout the year.
For more information, please check our Seed China
E-News.
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