According to the CASDE June report, released on 10 June 2022. The total sown area of corn is expected to reduce by 2% i.e. 42.52 Mha in 2022-23, compared to 43.32 Mha in 2021-22.
The 2022-23 production forecast for corn remains the same as MY 2021-22 is 272.56 MMT, but the import of corn has reduced by 10%. In 2022-23 imports are expected to be 18 MMT, compared to 20 MMT last year.
China's total consumption is estimated to be 290.51 MMT in 2022-23, which is 1% more than the previous year.
|
China's Corn Supply and Demand Balance Sheet |
||||
|
Attribute |
2020/21 |
2021/22 Jun |
2022/23 May |
2022/23 Jun |
|
Sown area (Mha) |
41.26 |
43.32 |
42.52 |
42.52 |
|
Harvested area (Mha) |
41.26 |
43.32 |
42.52 |
42.52 |
|
Yield (Kg/ha) |
6.32 |
6.29 |
6.41 |
6.41 |
|
Production (MMT) |
260.66 |
272.55 |
272.56 |
272.56 |
|
Import (MMT) |
29.56 |
20.00 |
18.00 |
18.00 |
|
Consumption (MMT) |
282.16 |
287.70 |
290.51 |
290.51 |
|
Food consumption (MMT) |
9.55 |
9.65 |
9.80 |
9.80 |
|
Feed consumption (MMT) |
180.00 |
186.00 |
188.00 |
188.00 |
|
Industrial consumption (MMT) |
80.00 |
80.00 |
81.00 |
81.00 |
|
Seed dosage (MMT) |
1.87 |
1.95 |
1.91 |
1.91 |
|
Loss & others (MMT) |
10.74 |
10.10 |
9.80 |
9.80 |
|
Export (MMT) |
- |
0.02 |
0.01 |
0.01 |
|
Balance Change (MMT) |
8.06 |
4.83 |
0.04 |
0.04 |
