China’s hybrid corn and rice seed production and acreage declined in 2013 and are forecast to continue to decline in 2014 as seed companies attempt to work through excess stocks. Despite decreased acreage, hybrid corn and rice production are forecast to exceed demand again in 2014, leading to record ending stocks. China’s seed imports are forecast to recover in MY 2013/14 following a 23 percent decline in My 2012/13, as excess grass and sunflower stocks have been reduced.
