# Ministry of Agriculture and Rural Affairs of the People's Republic of China

> China's Chinese Academy of Agricultural Sciences projects 2022 grain output at 688 million tonnes and a 1.4 million hectare increase in soybean area, with soybean output up about 25.8 percent. Pork production is forecast to rise 2.9 percent to 54.5 million tonnes, while growth in grain and pork consumption is expected to slow.

- Date: 2022-04-29 · published 2022-04-29T12:00:00.000Z
- Category: report · region China · magnitude medium
- Page: https://feedsoft.ai/events/41840-ministry-of-agriculture-and-rural-affairs-of-the-people-s-republic-of-china
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A larger domestic soybean crop and slower meat demand would reduce China's import needs for soybeans and feed grains over time, a bearish signal for global prices.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-09-03 | [Long-Term U.S. Agricultural Outlook Affected Broadly by Uncertainty of China’s Markets \| Economic Research Service](https://feedsoft.ai/events/56957-long-term-u-s-agricultural-outlook-affected-broadly-by-uncertainty-of-china-s.md) | -1.4% | +5.7% |
| SOY | 2018-08-01 | [Purdue Experts Analyze Agricultural Market in Light of Tariffs and Record Yields](https://feedsoft.ai/events/63419-purdue-experts-analyze-agricultural-market-in-light-of-tariffs-and-record-yields.md) | -1.6% | -9.2% |
| SOY | 2024-04-30 | [Ag Outlook Report makes optimistic projections – DCZ – Sino-German Agricultural Centre](https://feedsoft.ai/events/14761-ag-outlook-report-makes-optimistic-projections-dcz-sino-german-agricultural.md) | +6.4% | +5.9% |
| SOY | 2023-01-30 | [soy price development market report \| Agriculture](https://feedsoft.ai/events/37811-soy-price-development-market-report-agriculture.md) | +1.5% | +0.6% |
| SOY | 2018-03-09 | [Chicago agricultural commodities settle mixed
-- China Development Gateway -- Sharing Information, Knowledge and Tools](https://feedsoft.ai/events/10888-chicago-agricultural-commodities-settle-mixed-china-development-gateway-sharing.md) | -1.2% | -1.9% |
| CORN | 2022-04-20 | [China’s Struggling Pig Farmers Should Return to Profit in Third Quarter, Agriculture Ministry Official Says](https://feedsoft.ai/events/41837-china-s-struggling-pig-farmers-should-return-to-profit-in-third-quarter.md) | -1.5% | -1.2% |
| CORN | 2024-02-06 | [US Department of Agriculture grain report hits Australian prices \| The Land \| NSW](https://feedsoft.ai/events/31626-us-department-of-agriculture-grain-report-hits-australian-prices-the-land-nsw.md) | -1.7% | +0.3% |
| CORN | 2020-05-13 | [Agriculture in the Tenth District Feels Initial Effects of Pandemic
        
        
        
        - Federal Reserve Bank of Kansas City](https://feedsoft.ai/events/53279-agriculture-in-the-tenth-district-feels-initial-effects-of-pandemic-federal.md) | -0.3% | +1.5% |

## Sources

- english.moa.gov.cn: http://english.moa.gov.cn/news_522/202204/t20220429_300851.html

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.