China: Grain and Feed Update
Link to report:
Post forecasts MY2025/26 China's corn production at 298 MMT, up 3 MMT from MY2024/25, while imports are projected at 8 MMT, up 1 MMT year-over-year but still well below historical levels. Wheat production is forecast at 141 MMT for MY2025/26, up 1 MMT from MY2024/25, with imports rising to 6 MMT from 4.5 MMT as feed demand increases. Rice production remains stable at 146 MMT for MY2025/26, unchanged from MY2024/25, while imports edge up to 2.6 MMT from 2.4 MMT. Sorghum imports are forecast to increase slightly to 5 MMT in MY2025/26 from 4.7 MMT in MY2024/25, while barley imports are expected flat at 10 MMT as Beijing continues policies to limit grain imports.
