by Estadão Content
( The government increased 5 % in the minimum price of wheat in 2014 compared to the value of this year - Photo : Ernesto de Souza / Ed . Globe )
China should increase the amount of corn and wheat harvested this year , but the production of rice and soybeans should decrease , said the state agency Centre National Grain and Oils Information ( CNGOIC , its acronym in English ) , in a statement released today ( 10/14 ) . According to the Chinese government , the country should be the 10th consecutive record harvest of grain this year . This number is included corn, wheat and rice, but no soy.
The corn crop is expected to surpass 4.6% in the last year , reaching 215 million tons, while wheat should be 1.1 % higher than in 2012 , amounting to 122.17 million tons .
The rice harvest is expected to decrease 0.7 % to 202.75 million tons and soybean production should also drop 4.2% , reaching 12.5 million tons .
China's soybean imports in September totaled 4.7 million tons, down 5.4% compared to the same month of 2012 and 26.2 % compared to August . In the year to September, China imported 45.75 million tons , up 3.3 % compared to the first nine months of last year .
The Chinese Premier Li Keqiang pointed out last week that the country is willing to support domestic companies import 1 million tons of Thai rice over the next five years because Chinese demand begins to exceed production.
The government increased 5 % in the minimum price of wheat in 2014 compared to the value of this year to 2,360 yuan per ton ( U.S. $ 1 = 6.11480 yuan ) , said the National Development and Reform Saturday ( 12/10 ) . According to Chinese state agency , it will protect domestic producers and domestic grain harvest . The country fixed minimum prices for the purchase of wheat, rice and maize and beans to get the state stocks when market prices fall below that level .
Source : Globo Rural Magazine ( Brazil ) .
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