CHINA TOPIX

11/02/2024 09:34:56 am

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China Expects 140 Million Tonnes of Grain for Summer Harvest

Chinese Farmers Start Autumn Harvest Of Rice

(Photo : Getty Images) Two farmers load rice straw onto a tricycle in a field in Yugan County of Jiangxi Province, China.

China is expected to harvest 140 million tonnes of grains in summer this year, the country's agriculture minister revealed in an interview with People's Daily on Sunday.

The anticipated volume is the same as last year.

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Han Changfu, the current Minister of Agriculture, cautioned that this year's output might be affected by El Nino and that grain prices' volatility might weigh on farmers' income.

China is expecting more than 550 million tonnes of grain this year.

Meanwhile, Russia is planning to export half a million tonnes of grain to China this year, Alexander Tkachev, Russian Agriculture minister, revealed in a statement last month.

"China opened the grain market for us. We were let in and now the market will decide [on the volume]. Around half a million tonnes may be, wheat, barley. Grains. Half a million this year," he said.

China's COFCO Agri plans to open a Canadian crop trading office in Winnipeg as soon as farmers harvest their new crops, which is expected to be between August and October, a statement by the state-own agricultural trader read on Tuesday.

"At a time of tremendous demand pull from China, we see our new Canadian office as key to connecting Canadian farmers to the Chinese Market," Matt Jansen, COFCO Agri's chief executive officer, said.

The upcoming office will be dedicated to trading canola and its processed products including oil and meal as well as wheat, barley, and soybeans.

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