Seed China Monthly Report 202302
In terms of market analysis, In H1 2023, China's Gross Domestic Product (GDP) reached USD831,943 billion (RMB59,303.4 billion), and
the value added in the primary industry stood at USD426.69 billion (RMB3,041.6 billion), rising by 3.7% YoY, with that in the planting
industry increasing by 3.3% YoY. In 2023, China saw an increase in the yield per unit and total yield of early wheat and decline in its
seeded areas, the NBS said on 23 Aug.
In terms of company dynamics, Zhongnongfa Seed issued the semi-annual report for the Year 2023. During the reporting period, the
company saw an increase in revenue and net profit attributable to equity holders of the listed company. A total of 53 enterprises in
agriculture, forestry, animal husbandry and fishery revealed the semi-annual report of 2023, of which 19 represented growth in business
performance. Moreover, the growth rate of net profit in 14 companies is projected to exceed 100%. On 3 Aug., Weima Agricultural issued
shares of 24.58 million for constructing the intelligent flexible production base, Hilly and mountainous agricultural machinery research and
development technology centre and refining the marketing service channel. On 21 Aug., (Jiangsu Reclamation issued the semi-annual
report for H1 2023. During the reporting period, the company's revenue stood at USD741.81 million (RMB5,287.87 million), sank by 14.
02% YoY, with the net profit attributable to equity holders of the listed company reaching USD39.41 million (RMB281.34 million), plunging
by 19.1% YoY.
In terms of policy, On 1 Aug., the Guangxi Zhuang Autonomous Region released the Implementation Plan of Advancing the Development
of Protected Agriculture in Guangxi in 2023—2025. By 2025,the total production value is projected to hit over USD42.09 billion (RMB300
billion), of which USD15.43 billion (RMB110 billion) is contributed by the protected planting industry,On 17 Aug., the Department of
Agriculture and Rural Affairs released the Implementation Plan of Boosting the Yield Per Unit of the Large-Scale Food and Oil Crop
Production in 2023-2030, aiming to raise the average yield per unit of major food and oil crops including rice, wheat, soybean, corn and
rape by roughly 5% in 2030. In addition, local governments planned to raise the yield per unit of soybean and corn by 1-2% and 1% on a
yearly basis.
In terms of import and export, In the Jan.–June period, China imported 81.65 million tonnes of grain, nudging up by 4.49% YoY, the
General Administration of Customs of the People's Republic of China said on 13 July.
In terms of variety, On 3 Aug., the Crop Variety Approval Committee of Shandong Province publicised 98 approved varieties of four crops
varieties of 2023, including 71 corn varieties, 17 soybean varieties, 6 rice varieties and 4 cotton varieties. On 9 Aug., the Crop Variety
Approval Committee of Tianjin Municipality publicised 98 approved varieties of 16 crops varieties of 2023, including 12 corn varieties, 2
soybean varieties and 2 rice varieties.
The USD/CNY exchange rate used is USD1.00=CNY7.1283 on 1 August, 2023, sourced from the People's Bank of China.
the value added in the primary industry stood at USD426.69 billion (RMB3,041.6 billion), rising by 3.7% YoY, with that in the planting
industry increasing by 3.3% YoY. In 2023, China saw an increase in the yield per unit and total yield of early wheat and decline in its
seeded areas, the NBS said on 23 Aug.
In terms of company dynamics, Zhongnongfa Seed issued the semi-annual report for the Year 2023. During the reporting period, the
company saw an increase in revenue and net profit attributable to equity holders of the listed company. A total of 53 enterprises in
agriculture, forestry, animal husbandry and fishery revealed the semi-annual report of 2023, of which 19 represented growth in business
performance. Moreover, the growth rate of net profit in 14 companies is projected to exceed 100%. On 3 Aug., Weima Agricultural issued
shares of 24.58 million for constructing the intelligent flexible production base, Hilly and mountainous agricultural machinery research and
development technology centre and refining the marketing service channel. On 21 Aug., (Jiangsu Reclamation issued the semi-annual
report for H1 2023. During the reporting period, the company's revenue stood at USD741.81 million (RMB5,287.87 million), sank by 14.
02% YoY, with the net profit attributable to equity holders of the listed company reaching USD39.41 million (RMB281.34 million), plunging
by 19.1% YoY.
In terms of policy, On 1 Aug., the Guangxi Zhuang Autonomous Region released the Implementation Plan of Advancing the Development
of Protected Agriculture in Guangxi in 2023—2025. By 2025,the total production value is projected to hit over USD42.09 billion (RMB300
billion), of which USD15.43 billion (RMB110 billion) is contributed by the protected planting industry,On 17 Aug., the Department of
Agriculture and Rural Affairs released the Implementation Plan of Boosting the Yield Per Unit of the Large-Scale Food and Oil Crop
Production in 2023-2030, aiming to raise the average yield per unit of major food and oil crops including rice, wheat, soybean, corn and
rape by roughly 5% in 2030. In addition, local governments planned to raise the yield per unit of soybean and corn by 1-2% and 1% on a
yearly basis.
In terms of import and export, In the Jan.–June period, China imported 81.65 million tonnes of grain, nudging up by 4.49% YoY, the
General Administration of Customs of the People's Republic of China said on 13 July.
In terms of variety, On 3 Aug., the Crop Variety Approval Committee of Shandong Province publicised 98 approved varieties of four crops
varieties of 2023, including 71 corn varieties, 17 soybean varieties, 6 rice varieties and 4 cotton varieties. On 9 Aug., the Crop Variety
Approval Committee of Tianjin Municipality publicised 98 approved varieties of 16 crops varieties of 2023, including 12 corn varieties, 2
soybean varieties and 2 rice varieties.
The USD/CNY exchange rate used is USD1.00=CNY7.1283 on 1 August, 2023, sourced from the People's Bank of China.
Headline 1
Editor's Note 2
Market Analysis 3
China reveals GDP in H1 2023 3
NBS unveils data of early wheat production in 2023 4
Import and Export 6
Import and export of China's seeds and agricultural products in June 2023 6
Company Dynamics 8
Zhongnongfa Seed sees growth in revenue and net profit 8
Weima Agricultural issues shares for construction of three projects 9
Seed enterprises issues semi-annual report for H1 2023 12
Policy 15
Guangxi boosts development of protected agriculture 15
Jiangsu to raise yield per unit of food and oil crops 16
Variety 18
Approved main crop varieties of Shandong Province in 2023 18
Approved main crop varieties of Tianjin Municipality in 2023 23
News in Brief 25
Yunnan to boost development of seed industry 25
Jiangsu releases National Territory Spatial Planning 25
Hubei sees growth in planting areas and yield of rape 25
China issues funds for disaster prevention and relief 26
Gansu reveals progress of grain production in 2023 26
Hubei applies domestically-developed watermelon seeds 26
China approves National Territory Spatial Planning in Guangdong Province 27
Tibet sees development in seed industry 27
Qingdai raises yield per unit of food and oil crops 27
Gansu implements Good Agricultural Practice for Chinese Crude Drugs 28
Price Update 29
Domestic quotations of wheat seeds in August 2023 29
Domestic quotations of soybean seeds in August 2023 29
Domestic quotations of rapeseed seeds in August 2023 29
Editor's Note 2
Market Analysis 3
China reveals GDP in H1 2023 3
NBS unveils data of early wheat production in 2023 4
Import and Export 6
Import and export of China's seeds and agricultural products in June 2023 6
Company Dynamics 8
Zhongnongfa Seed sees growth in revenue and net profit 8
Weima Agricultural issues shares for construction of three projects 9
Seed enterprises issues semi-annual report for H1 2023 12
Policy 15
Guangxi boosts development of protected agriculture 15
Jiangsu to raise yield per unit of food and oil crops 16
Variety 18
Approved main crop varieties of Shandong Province in 2023 18
Approved main crop varieties of Tianjin Municipality in 2023 23
News in Brief 25
Yunnan to boost development of seed industry 25
Jiangsu releases National Territory Spatial Planning 25
Hubei sees growth in planting areas and yield of rape 25
China issues funds for disaster prevention and relief 26
Gansu reveals progress of grain production in 2023 26
Hubei applies domestically-developed watermelon seeds 26
China approves National Territory Spatial Planning in Guangdong Province 27
Tibet sees development in seed industry 27
Qingdai raises yield per unit of food and oil crops 27
Gansu implements Good Agricultural Practice for Chinese Crude Drugs 28
Price Update 29
Domestic quotations of wheat seeds in August 2023 29
Domestic quotations of soybean seeds in August 2023 29
Domestic quotations of rapeseed seeds in August 2023 29
