Category: Analysis

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Jiangsu State Farms Development Co. reported that its 2025 revenue was 10.1 billion yuan, down 7.75% year on year, while its net profit was 548m yuan, down 25.0% year on year. The company is a relatively confusing state-owned agriculture company that has upstream assets in seed development, farms 64k hectares, does harvesting for other farms… Continue reading State-owned farm indicates limited corn-soy intercropping

On Friday, Henan province issued its “Henan Province’s Plan for Accelerating the Construction of a Strong Agricultural Province (2025-2035)”. The plan covers relatively normal policy proposals. Improve land quality, increase grain output, and prevent diseases for livestock and crops. One section covers disaster prevention and mitigation. This includes having more weather stations, emergency relief centers,… Continue reading Henan issues 10-year agricultural plan

According to the Ministry of Agriculture, the planting of spring crops is now over 20% complete, and this is slightly faster than last year’s pace. Early rice planting is over 80% complete, spring corn is over 10%, and spring soybean planting has started….   Subscriber content: Sitonia Consulting provides market intelligence on Chinese agricultural markets.… Continue reading Spring planting 20% complete

I thought it would be useful to also look at a previous 10-year outlook covering 2015-2024 to see how those projections fared. Wheat output was expected to reach 129.3 million tons in 2024 but reached 140.0 million tons. The projection was correct that wheat area would decline slightly, but it underestimated gains in yields. Wheat… Continue reading A review of previous 10-year projections

The Chinese Academy of Agricultural Sciences recently published its China Agricultural Outlook Report (2026-2035). The analysis includes the assumptions that GDP growth will remain at 4.6% through 2035, per capita disposable income will grow at 4.3% for urban residents and 6.5% for rural residents in real terms. The population will decline at a rate of… Continue reading 10 year ag outlook published; projects dramatic decline in soybean imports

Muyuan reported Q1 revenue of 29.9 billion yuan, down 17.1% year on year. The company reported a loss of 1.2 billion yuan, down from a profit of 4.5 billion yuan in Q1 2025. Despite the falling hog prices last year, the company reported a profit of 515 million yuan in Q4. The company noted that… Continue reading Hog producers move to losses in Q1

In a recent rumor-debunking article, state media notes the case of viral videos claiming that wheat was being harvested early for silage. It notes that these are videos from 2022, and that an internet user from Henan uploaded these videos with claims that farmers were earning 1500-2000 yuan per mu (1/15 hectare). Based on this,… Continue reading Government detains internet user posting wheat silage video

On Wednesday, 801k tons of minimum purchase price wheat was auctioned, with 679k tons, or 84.8%, being purchased by the market. The average price was 2387 yuan per ton, down 3 yuan per ton compared to last week. Since the resumption of the wheat auctions, 6.8 million tons have been listed, with 5.7 million tons… Continue reading Wheat auctions continue to see strong result