Corn seed prices are on the rise in China according to a recent report by Securities Daily. Farmers were already facing rising input costs due to rallies in fertilizer, logistics issues due to Covid restrictions, and rises in land rents and labor costs.
Corn seed prices have been rising after Chinese New Year, with some areas of Inner Mongolia seeing seed prices up more than 40%.
Planting area for seed corn increased by 17% in 2021, however bad weather conditions weighed on yields which fell 6%....