1、 THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S.GOVERNMENT POLICY Required Report:Required-Public Distribution Date:April 03,2025 Report Number:CH2025-0064 Report Name:Grain and Feed Annual Country:China-Peoples Republ
2、ic of Post:Beijing Report Category:Grain and Feed Prepared By:FAS China Staff and Joshua DeMoss Approved By:Adam Branson Report Highlights:Post forecasts MY 25/26 China corn production at 300 MMT,up 1.7 percent from MY 24/25,while corn imports are forecast at 8 MMT,lower than MY 23/24 levels due to
3、Chinas focus on grain self-sufficiency.Wheat and rice production are expected to increase slightly on improved yields and stable planted area,while sorghum and barley imports are projected to decline based on a number of market and non-market factors.Industry analysts have shared that larger-scale s
4、tock rotations happen every three to five years and 2025 is scheduled to be a stock rotation year for some grains and oilseeds in Chinas national reserves.Beijing announced retaliatory tariffs on March 4,2025 on 740 U.S.agricultural product tariff line items,including 15 percent on wheat and corn an
5、d 10 percent on sorghum.1 EXECUTIVE SUMMARY FAS China provides this analysis and reporting as a service to the United States agricultural community,and to our farmers,ranchers,and rural communities in support of a worldwide agricultural information system and a level playing field for U.S.agricultur
6、e.Chinas economy continues to face economic headwinds and slower growth.Overall consumption patterns are shifting,with the Beijing authorities implementing policies to increase domestic production and grain self-sufficiency while maintaining strategic reserves and restricting imports under campaigns