Chinese officials plan to boost the 2022 domestic soybean output. Chinese ag minister Tang Renjian told the Chinese Economic Daily over the weekend the country plans to stabilize domestic grain supplies and corn output while expanding soybean and oil crop production.
The minister says China has relatively large gaps with developed countries like the U.S. in terms of per unit yield of corn and soybeans. In November, China proposed overhauling its regulations for genetically modified crops, which reportedly could benefit China’s seed industry and ease food security concerns.
