Author of the article:
BEIJING — China’s biggest soybean grower – the northeastern province of Heilongjiang – plans to increase the area planted to the crop by 10 million mu (666,667 hectares) in 2022, the official Xinhua news agency said on Sunday.
China’s soybean output dropped sharply last year as farmers decided to grow more corn because it was more profitable. China’s 2021/22 soybean output was forecast by the agriculture ministry to fall 16.3% from 2020/21.
The ministry had estimated the land planted to soybean in 2021/22 at 8.4 million hectares.
The country’s agriculture ministry told an annual central rural work conference last week that China should stabilize grain production, and to boost production of soybean and oilseeds.
(Reporting by Min Zhang and Tony Munroe; additional reporting by Hallie Gu: Editing by Neil Fullick)
Advertisement
This advertisement has not loaded yet, but your article continues below.
Financial Post Top Stories
Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.
By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300