September 1999
China's 1999/2000 total wheat, corn, and rice (rough
basis) harvest is expected to exceed 430 million tons for the
third time in four years. Despite a drought in parts of the North
China Plain and excessive rainfall in the Yantze River Valley,
strong yields are expected for all major grains in 1999/2000. The
bumper crops will put additional pressure on domestic grain
prices and storage facilities in China.