China’s 2011 grain output up by 4.5 %

Dec 03, 2011 12:00 AM

China's grain production rose 4.5 % this year to a record 571.21 mm tons, with this eighth consecutive year of growth driven by an 8.2 % increase in corn output, the National Bureau of Statistics said.
The strong corn output data may help to ease inflationary pressure in China after pork prices escalated this past 12 months -- largely due to tight corn supply.

China's consumer price index growth has eased in recent months after reaching an three-year high of 6.5 % in July. October CPI growth eased to 5.5 % after policy makers adopted a number of inflation-fighting measures.
The corn output figures may be exaggerated, said an analyst with a grain consultancy, noting that high output figures can ease market worries about supply tightness.

Corn output rose to 191.75 mm tons in 2011, while rice output reached 200.78 mm tons, up 2.6 %, and wheat output increased 2.4 % to 117.92 mm tons, the bureau said. The bureau includes rice, corn, wheat, soybeans and potatoes in its grains data. It didn't provide soybean output, for which the state-backed China National Grain & Oil Information Centre forecast an 11 % decline.
The corn figure was much higher than the 184.5 mm tons estimated by both the US Department of Agriculture and the CNGOIC.

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