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In 2016, supply of hybrid rice seeds continues to excess demand and market price remains flat in China, according to the Ministry of Agriculture of the People’s Republic of China (MOA). In Guangdong Province, supply and demand of late-season seeds (usually planted during July-Sept.) is essentially in balance and price is quite stable.
Specifically:
- Predicted planting area: 600,000 ha (8.95 million mu)
- Demand: about 9 million kg
- Supply: about 9 million kg, including:
- Retail prices: flat essentially
2. Supply, demand and price of hybrid corn seeds
Currently, inventory of corn seeds is quite large in China, presenting an oversupply trend. In Guangdong Province, supply of seeds to be planted in autumn can meet market demand.
Specifically:
- Predicted planting area: about 61,333 ha (920,000 mu), including:
- Demand: about 900,000 kg
- Retail prices:
3. Supply, demand and price of peanut seeds
- Predicted planting area in autumn: about 110,000 ha (1.70 million mu)
- Demand: around 20.80 million kg
- Supply: balanced with demand, including:
- Price: basically flat over last year and stable, at about USD2.71-3.61/kg (RMB18-24/kg)
4. Supply, demand and price of vegetable seeds
Vegetables mainly planted in autumn in Guangdong: leafy vegetables, solanaceous fruits, beans and cabbages.
- Predicted planting area: 370,000 ha (5.50 million mu)
- Supply: sufficient; large inventory due to declining economic benefits from planting vegetables
- Price: down slightly YoY
(1) Bean seeds: drop the most significantly, about 20%, to USD4.51-6.02/kg (RMB30-40/kg)
(2) Others (wholesale prices):