China Reduces Corn Planting Area Amid Excessive Stock

China’s corn planting area is expected to be reduced by 1.33 million hectares in 2017 as the country seeks to address excessive corn stock, according to the Ministry of Agriculture (MOA) and posted on on XinhuaNet.com.

The reductions mainly concentrate in areas with low and unsteady output, including the country’s arid northwest and desertified regions in the southwest.

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Years of support for corn farmers has left China with a substantial stockpile. In 2016, China’s corn output stood at around 220 million tonnes, while stocks amounted to 230 million tonnes.

To balance the market, China has been pushing for agricultural reform since 2016, urging farmers to adjust their mix of crops to stop blind expansion and focus on sustainable development, particularly in the corn industry.

Read more at XinhuaNet.com.

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