China: Grain and Feed Annual

Feed production is forecast lower on declining demand from poultry and livestock producers. Corn production in MY2024/25 is forecast larger than MY2023/24 due to improved yields and a slightly larger planting area, despite government policies encouraging increased soy area and reduced corn area. Lower corn prices will encourage higher corn utilization and lower wheat utilization in feed production. Forecast sorghum and barley production will remain stable in MY2024/25, while wheat production is forecast 1 percent higher on improved yield and steady planted area. MY2024/25 rough rice production is forecast to increase slightly due to larger planting area and yield.