Comment by Riaz Haq on July 15, 2023 at 10:02am

Maize has been the one glimmer of hope in a broken agriculture sector with all other major crops either losing acreage and productivity or showing stagnant growth. Pakistan’s maize output has grown 4.5 times between 2000 and 2020 in the face of looming climate change challenges.

https://propakistani.pk/2023/05/08/replicating-the-success-story-of...

It has witnessed an estimated 60 percent increase in productivity in the last decade according to the data published by the Pakistan Bureau of Statistics and Economic Survey of Pakistan. It’s the third-biggest cereal crop. In addition to direct human consumption, its uses range from poultry, livestock, and fisheries all of which play a key role in ensuring Pakistan’s national food security.

Since the opening of the first maize research institutes of the country in Yousafwala (Sahiwal) and Pirsabak (NWFP) in 1971 and the introduction of spring maize cultivation in 1975, maize acreage and production have been growing steadily over the years.

A coordinated Maize and Millet Research Programme initiated the same year and simultaneous efforts by the private sector have brought us to the point where Pakistan has surplus stocks of maize to export. It’s one of the few instances where the government and private sector has jointly built something so immense from scratch, especially in the agriculture sector.

On the other hand, all other major crops have faced problems and farmers are struggling to keep up the productivity with a wide range of challenges from water shortages and floods, increasing input prices, changing climate and the idle and under-funded R&D infrastructure. It is understandable to wonder about the reasons behind the consistent increase in production when it comes to maize.

Developing the market

The primary driver behind the growth of any commodity is sustainable demand and fortunately for maize, it found a robust market. Poultry, one of the biggest sub-sectors with an annual turnover of Rs. 1500 billion and 10-12 percent annual growth, has been the key recipient of maize grain.

An estimated 65 percent of Pakistan’s production goes to providing poultry feed while 15 percent goes to wet milling, a process that mainly gives starch and other by-products like corn oil, gluten, fibre, and several important chemicals. All of these have widespread use cases from beverages, bakeries, processed food, oil, industrial alcohol, textile, paper, and pharmaceuticals.

Another 10 percent is utilized to produce cattle feed while the little of what’s left is used for human consumption. All of this points towards the fact that if we want the same success in other major crops Pakistan is struggling with, we need to develop their market and demand will take care of the rest. 

It is unfathomable to expect an increase in cotton acreage and productivity when the textile sector is suffering from inflating energy crisis, uncompetitive tariffs, lack of skilled labor and the lack of innovation and value addition.

The same is true for oil seed crops where 75 percent of the consumption for edible oil is met with imported palm oil while the informal sector which constitutes desi ghee and domestic mustard oil cover 70-80 percent of the market. We simply lack the conducive infrastructure that can incentivize and promote the growth of oil seed crops. As long as there will be uncertainty on the market end, farmers will remain cautious in following the trend.  

Research & Development

While the market demand played its role, the same can also be said about cotton, which has the biggest sector of the economy to back it, but the country is still failing to revive production to 2014 levels, let alone making any new breakthrough. The answer is research. The way the public and private sector has developed and promoted the modern maize hybrid seeds among farming communities, is unforeseen for any other crop, even cotton.

Industry-led efforts and Pakistan’s cooperation with China to introduce hybrids for rice and wheat are still in the early stages, but maize hybrid has already made its mark. Although, hybrid maize accounts only for 40 percent of the maize grown in the country, it contributes far more to the overall production due to high-yielding cultivars.

According to the farmers we talked to, they are often lucky to get nearly 40 maunds per acre with traditional varieties, but hybrid maize can easily guarantee 100 maunds per acre with the right practices. 

Maize hybrids introduced by International companies like Bayer and Corteva have been central in maize’s success, stated Ali Hamed, Researcher at MNS University of Agriculture, Multan, and Project Officer with the Australian Center of International Agriculture Research. Recently introduced rice hybrids are being grown in some areas, but the success is yet far and the same is true for hybrids for wheat, he added.

He revealed that wheat hybrids in the works at the moment provide 75 maunds per acre yield at best and farmers are already getting up to 60 maunds per acre with current cultivars. It’s a norm to use the previous year’s grains as seeds but the same cannot be done with hybrids and farmers have no intention to buy new seeds every year for so little advantage. 

Another issue is the stereotype associated with hybrid grains among the masses that they are harmful to human consumption. Maize is not mainly used as a staple food but the same cannot be said when it comes to rice and wheat so even if these hybrids come to market, they will have a hard time getting public acceptance unless the government needs to raise awareness.

Coming to the oil seeds crops, despite the best efforts of the research institutions, current cultivars of canola have lower yield capacity while the experiments for soybean adaptability still yield encouraging results. We were fortunate to have foreign companies coming and introducing proven hybrids when it comes to maize, but the rest is up to us. Unless the government prioritizes research and development and raise the standard of work being done in this area, consistent growth will remain a fantasy. 

Comment by Riaz Haq on July 20, 2023 at 7:35am

....the agriculture sector, which is widely considered the backbone of Pakistan’s economy, saw a 27.5% growth in agri loans, after the agriculture lending financial institutions disbursed Rs 1.222 trillion on account of agricultural financing during the first nine months (July-March) of this fiscal year.


https://www.brecorder.com/news/40253439/for-pakistans-agriculture-s...



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Habib Bank Limited (HBL), one of the country’s largest banks, said that it intends to establish a subsidiary to promote Pakistan’s agriculture sector.

The development was shared by HBL in its notice to the Pakistan Stock Exchange (PSX) on Wednesday.

“We would like to clarify that the bank (HBL) intends to set up a subsidiary, to promote the agriculture sector of Pakistan, for which a detailed feasibility report has been finalised,” read the notice.

HBL said that it is currently in the process of obtaining all regulatory approvals required for the incorporation of the said subsidiary.

HBL declared earnings in January-March with a profit before tax (PBT) of Rs21.5 billion, 47% higher than the PBT of Rs14.6 billion last year.

The bank’s profit after tax rose by 54% to Rs 13.3 billion with earnings per share improving from Rs 5.78 in Q1’22 to Rs 9.00 in Q1’23.

Meanwhile, the agriculture sector, which is widely considered the backbone of Pakistan’s economy, saw a 27.5% growth in agri loans, after the agriculture lending financial institutions disbursed Rs 1.222 trillion on account of agricultural financing during the first nine months (July-March) of this fiscal year.

According to the Economic Survey of Pakistan released last month, the State Bank of Pakistan (SBP) allocated the indicative agricultural credit disbursement target of Rs1.819 trillion for FY23, which is 28.2 percent higher than last year’s disbursement of Rs 1.419 trillion.

Further, the outstanding portfolio of agricultural loans has increased by Rs80.2 billion and reached Rs712.9 billion at the end of March 2023 compared to Rs632.7 billion at the end March 2022, witnessing 12.7% growth.

Analysis of the sector-wise disbursement reveals that out of the total disbursement of Rs 1.222 trillion, the farm sector has received Rs 625.1 billion (51.2%) and Rs 596.8 billion (49%) has been disbursed to non-farm sector during July March FY2023.

Comment by Riaz Haq on July 24, 2023 at 8:08am

Eight months into Pakistan’s financial calendar, the country’s seafood exports are up 23 percent by volume and 12 percent by value year-over-year.


https://www.seafoodsource.com/news/premium/supply-trade/pakistans-s...

Between July 2022 and February 2023, Pakistan exported 126,270 metric tons (MT) of seafood valued at USD 300.2 million (EUR 275.3 million), up from 100,154 MT valued at USD 267.8 million (EUR 245.5 million) in the same period the year prior. Seafood exports grew nearly 5.8 percent by volume and 5.6 percent by value in February 2023 compared to the month prior, hitting totals of 18,548 MT of exports valued at USD 38.3 million (EUR 35.1 million), according to The Nation.

Exports to China fueled the growth, according to Ghulam Qadir, the commercial counselor in Pakistan’s Embassy in Beijing, speaking with China Economic Net. In 2022, Pakistan exported USD 198.3 million (EUR 181.8 million) in seafood to China, up from USD 139.3 million (EUR 127.7 million) in 2021, when Pakistani exporters struggled with strict import restrictions in China. Pakistan’s exports of frozen fish nearly doubled in value year-over-year in 2022, reaching USD 63.3 million (EUR 58.0 million) in value and 30,637 MT in volume, up from USD 33.4 million (EUR 30.6 million) and 18,987 MT in 2021.

“The increase in Pakistan’s seafood exports to China is largely attributed to the increasing demand for fish of the Chinese people and the growing popularity of Pakistani fish in Chinese restaurants,” Qadir said. “This has led to a successive increase in Pakistani seafood exports every year since 2020.”

The China-Pakistan Free Trade Agreement has been a boon to Pakistani seafood exporters, Qadir said, with more seafood species being added to the list of zero-tariff items over the past year.

“Now many Pakistani seafood exporters enjoy zero-traffic duty on seafood items while they are getting more awareness about China-Pakistan Free Trade Agreement,” he told Pakistan Today in December 2022.

More Pakistani seafood exporters are interested in exporting to China and are seeking collaborations with Chinese companies that will help them boost production, including sharing of aquaculture technology expertise and best practices, Qadir said. An expansion of the Gwadar fishing port has also helped Pakistan expand its exports to China.

Pakistan exports seafood to around 45 countries …

Comment by Riaz Haq on July 28, 2023 at 5:04pm

Pakistan sets up center to boost agricultural growth with $500 million Saudi assistance


https://www.arabnews.pk/node/2333736/pakistan


The center will work in collaboration with Saudi Arabia, the UAE, Qatar, Bahrain and China on various projects

It aims to enhance modern agro-farming in Pakistan by utilizing over 9 million hectares of uncultivated state land

ISLAMABAD: Pakistan has established a Land Information and Management System, Center of Excellence ((LIMS-CoE) to enhance modern agro-farming by utilizing over 9 million hectares of uncultivated state land, a senior official said on Thursday, adding that Saudi Arabia provided an initial $500 million investment to set up the facility.
Pakistan, an agriculture-based economy contributing 23 percent to the GDP and employing 37.4 percent of the labor force, faces recurrent economic hardships. Currently, the productivity remains below par, with a decreasing cultivation area, a population-production gap, and agricultural imports amounting to $10 billion.
According to the World Food Program, around 36.9 percent of Pakistanis are food insecure, with 18.3 percent experiencing severe food crises. The country faces a shortfall of 4 million metric tons in wheat production against a total demand of 30.8 million metric tons, while cotton production has fallen by 40 percent to around 5 million bales in the last decade.
“As far as the high efficiency irrigation system is concerned, Saudi Arabia has already given us [Pakistan] $500 million,” Maj. Gen. Shahid Nazeer, who heads the LIMS-CoE, told reporters at a briefing on Thursday.
“Aimed at enhancing modern agro-farming utilizing over 9 million hectares of uncultivated waste state land, LISM-CoE has been established under the Director General Strategic Projects of Pakistan Army.”
The state-of-the-art system will revolutionize means to steer agricultural development through real-time information about land, crops, weather, water resource and pest-handling under one roof, according to the official.
The center will work in collaboration with Saudi Arabia, the United Arab Emirates, Qatar, Bahrain and China on various agri projects to enhance Pakistan’s exports.
“In the next 3-4 days, a very high-powered Saudi delegation is coming to Pakistan to explore this kind of investment in four major sectors including agriculture, mines and minerals, information technology (IT) and defense production,” he said, adding this would be done under the umbrella of the Special Investment Facilitation Council (SIFC) that was recently established to revive the Pakistani economy.
Nazeer said the LIMS-CoE was aimed at ensuring food security and optimizing agricultural production in Pakistan through innovative technologies and precise, sustainable agricultural practices based on agro-ecological potential of the land, while ensuring the well-being of rural communities and environment preservation.
“The main objectives of the center included consolidation and reclamation of uncultivated waste land, optimal decision; what and where to grow, development of a master plan for modern farming, implementation of state-of-the-art agriculture management practices, practicing agro-intelligence for digital and precision agriculture, better utilization of technology to enhance yield and effective decision support system,” he explained.
The LIMS-CoE recently initiated modern agri-farming projects in Punjab, according to the official. Efforts were being made to use certified hybrid seeds with concurrent development involving joint ventures with multi-national companies, which could pay rich dividends. In agriculture and gardening, a hybrid seed is produced by deliberately cross-pollinating plants that are genetically diverse.
“Hybrid seed gives 30-50 percent more yield, world is using 80 percent hybrid seed, while Pakistan currently uses only 8 percent of hybrid seed,” he added.

Comment by Riaz Haq on July 31, 2023 at 8:04am

The rise in global cotton production is led by the US, Pakistan, and India, with a drop in China's output due to cooler weather conditions.

https://www.fibre2fashion.com/news/textile-news/global-cotton-produ...

Global cotton production in FY24 is forecast to reach a four-year high of 116.7 million bales, up slightly from the previous year, as per USDA.
The rise is led by the US, Pakistan, and India, with a drop in China's output due to cooler weather conditions.
Australia's FY24 cotton production is projected at 5.8 million bales, 300,000 bales above FY23.


World cotton production is projected to reach a four-year high of 116.7 million bales in 2023-24 (FY24), according to the US Department of Agriculture (USDA). The expected growth in production represents a slight increase of 400,000 bales from the previous year.
The increase is predominantly driven by the major cotton-producing countries, with the US and Pakistan leading the charge. Both countries are projected to see a significant rise in production, each adding 2 million bales to the global yield. India is also expected to contribute to the surge, albeit on a lesser scale, with an additional half a million bales.

However, these gains will be partially offset by a reduction in output from China, the world's leading cotton producer. The Chinese crop is anticipated to shrink by 3.7 million bales in the 2023-24 season due to cooler than normal temperatures early in the growing season in China's Xinjiang region, which could limit yield potential. This decrease means China's contribution to global cotton production is expected to shrink from 26 per cent in 2022-23 to 23 per cent in 2023-24, as per USDA’s Cotton and Wool Outlook: June 2023 report.

Meanwhile, India is set to buck this trend with a projected 2-per cent increase in cotton production from the 2022-23 crop. This rise comes despite an expected reduction in harvested area, with alternative crops predicted to reduce cotton acreage to 12.4 million hectares. A rebound in yield is set to offset this, with the national yield forecast at 448 kg per hectare, the highest in three years. India's share in global cotton production is set to remain steady at approximately 22 per cent.

Outside of the US, other countries including Brazil, Pakistan, and Australia are also projected to see an increase in cotton production. Brazil's output is expected to hit 13.25 million bales, slightly above the 2022-23 figure and second only to 2019-20's record of nearly 13.8 million bales.

Pakistan's cotton production is set to rebound from the nearly four-decade low of 3.9 million bales recorded in 2022-23 due to flood damage. The forecast production of 5.9 million bales for 2023-24 will account for 5 per cent of global production.

Lastly, Australia's 2023-24 cotton production is projected at 5.8 million bales, 300,000 bales above 2022-23 and close to 2021-22’s record of 5.85 million bales, supported by above-average reservoir levels.

Comment by Riaz Haq on July 31, 2023 at 7:27pm

Rice exports earn Pakistan $2.1bn in tumultuous FY23


https://www.dawn.com/news/1767422


Despite significant production losses and other major challenges, Pakistan exported a total of 3.717 million tonnes of rice to earn $2.149 billion in FY23.

The rice sector showed strong resilience and immense resistance despite head and tail winds like devastating floods that wiped out one-third of Sindh’s crop, wavering rupee movement, tough competition from India, high freight charges as well as unavailability of vessels during the first six months of 2022-23.

The export of basmati varieties of rice stood at 595,120 tonnes fetching $650,423 at an average per tonne (APT) rate of $1,092. Coarse or non-basmati varieties’ export touched 3.122 million tonnes, fetching $1.498bn at an APT rate of $480.

In the preceding year, the country fetched $2.5bn by making export shipments of 4.8m tonnes.

Exports have been mainly hit by a drop in production, as against 9.1 million tonnes output during 2021-22, the country could harvest around 6 million tonnes of rice in FY23, a fall of over 34pc.

Floods and torrential rains had damaged paddy crops, particularly in Sindh and south Punjab districts and the overall crop losses had been estimated at around 20pc.

At least 35pc of the standing rice crop had been damaged in Sindh and 29pc in south Punjab while other rice-growing areas were partially hit by excessive heatwaves which affected the yields and the losses were reflected in the exports.

Hamid Malik, an expert on the rice trade, told Dawn that India had manipulated prices to facilitate its exporters by offering subsidies to farmers.

“This subsidy was in fact for the exporters and not the farming community as Indian rice export rates remained $60 to $70 lower than that of Pakistan, Thailand and Vietnam in the international markets throughout the year.”

Higher basmati rates in the local market also affected its exports as stockists entered the local market and made their hey through speculative trade.

Samiullah Naeem, a former chairman of the Rice Exporters Association of Pakistan (REAP), says that basmati rice was available in the market at Rs8,500 per 40kg at the beginning of the crop season but within a couple of months the rate crossed even Rs12,000 per 40kg making it difficult for the exporters to fulfil their export commitments.

He says that speculative traders were the major beneficiaries of the price hike though rice growers and millers also benefited from it to some extent.

The export prospects for the current fiscal year seem to be promising as quotations for 25pc broken rice are being reported at $535 per tonne to their highest level since August 2008. The main push behind the rate hike is stated to be a ban by India on the export of its coarse rice varieties.

Comment by Riaz Haq on August 5, 2023 at 5:37pm

Pakistan aims to export 5 million tonnes of rice amid India ban

https://www.geo.tv/latest/502787-pakistan-aims-to-export-5-million-...


The REAP chief was optimistic about Pakistan achieving its goal of 5 million tonnes of rice worth $3 billion in the current fiscal year, which began in July.

---------------

"Pakistan expected a bumper rice crop this year," REAP chief says.
Country exported 3.7m tonnes rice valued at $2.14b last fiscal year.
This year, Kewlani says, Pakistan can export 5m tonnes of rice.

KARACHI: Pakistan's rice exports are projected to rise in the current fiscal year due to the Indian ban on rice exports and the exploration of new markets in Russia and Mexico, the Rice Exporters Association of Pakistan (REAP) said, according to The News.

REAP Chairman Chela Ram Kewlani said Pakistan exported 3.7 million tonnes of rice valued at $2.14 billion in the previous fiscal year, despite facing various challenges.

"Despite devastating floods, crop shortage and many other challenges, we exported 3.7 million tonnes amounting to $2.14 billion," he said.

The REAP chief was optimistic about Pakistan achieving its goal of 5 million tonnes of rice worth $3 billion in the current fiscal year, which began in July.

"India's ban on rice exports will have significant impacts on global rice trade dynamics. This will give a good opportunity for Pakistan to fill the supply gap and expand its market share in major rice-buying countries."

India, the world's biggest rice exporter, banned exports of non-basmati rice last month to ensure domestic supplies amid rising food inflation. Kewlani said Pakistan could benefit from higher export volumes and increased revenues as a result of the ban.

"Overall, the ban may create a favorable trade environment for Pakistan's rice exports." Industry officials said Pakistan's basmati rice prices soared to $500 per tonnes in the international market, up almost $100 from a month ago, as demand surged after the export ban by India.

Pakistani rice is enjoying a premium for its superior quality and could rise further to $600 per tonnes in the coming months, one trader said. "Pakistan has a golden opportunity to boost its rice exports and earn valuable foreign exchange as India has banned its rice exports due to drought." he said.

Pakistan is the world's fourth-largest rice exporter after India, Thailand, and Vietnam. Kewlani said Pakistani non-basmati rice, which was selling at $450 per tonnes before the ban, had also jumped to $500 per tonnes as buyers shifted to alternative sources.

He also said that Russia had registered 15 more Pakistani companies to export rice to the country and 12 more were in the process of registration. "This opportunity will also be beneficial for generation of extra foreign exchange for our country, as Russia is a big and potential market for Pakistani rice."

Kewlani added that a recent visit by Mexican technical experts had gone well and they were satisfied with the compliance of standard operating procedures by Pakistani rice exporters. He hoped that Mexico would soon lift a ban on Pakistani rice and resume imports.

He said Pakistan expected a bumper rice crop this year, with an annual output of around 9 million tonnes. "We hope that we can easily achieve our target of 5 million tonnes worth $3 billion this year."

Comment by Riaz Haq on August 5, 2023 at 7:44pm

In Pakistan, flood damage meant 2022/23 cane sugar production reduced to 7.2 mln tonnes compared to 8.6 mln tonnes in 21/22. The area under cane remains consistent with last season, but reduced fertilisers prices could push 23/24 sugar production to 7.8 mln tonnes.


https://www.ragus.co.uk/global-sugar-market-report-may-2023/#:~:tex....

Unpredictable rains in India and Pakistan squeeze cane production
Estimates for India’s sugar production from the 2022/23 cane crop are below the decreased figure we estimated last October. The 35.6 mln tonnes we expect is much lower than the 39 mln tonnes produced in 21/22. Any further exports onto the global market this season seem unlikely, despite India having an export quota of 6 mln tonnes for the world market.

Despite an increased area under cane, low rainfall during the growing season and too much rain just before the harvest began resulted in lower cane yields. For the 2023/24 crop, the area under cane has increased again. If the monsoon rainfall is average, we expect India to produce 36.4 mln tonnes of sugar. However, that figure only holds if there are no major increases in cane juice or molasses diverted into ethanol production. In 22/23 the equivalent of 4.5 mln tonnes of sugar was used for ethanol production. In 23/24, we expect that figure to be 3.78 mln tonnes.

If an El Niño weather pattern develops, dry conditions would affect cane planting for the 24/25 crop. In neighbouring Pakistan, flood damage meant 2022/23 cane sugar production reduced to 7.2 mln tonnes compared to 8.6 mln tonnes in 21/22. The area under cane remains consistent with last season, but reduced fertilisers prices could push 23/24 sugar production to 7.8 mln tonnes.

Comment by Riaz Haq on August 5, 2023 at 8:59pm

In its first official assessment for 2023-24 (May-April), the government of Pakistan is forecasting the country’s wheat production to grow 6% to a record 28 million tonnes, according to a Global Agricultural Information Network report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture.

https://www.world-grain.com/articles/18730-pakistan-expecting-recor...


“In recent years, abnormally hot and humid weather near harvest negatively affected output,” FAS Post Islamabad said. “This year, however, the weather was favorable throughout the growing season, resulting in record output. Government policies ensured adequate supply of seeds and other inputs throughout the growing cycle.”


Punjab, the major wheat-growing province, produced more than 1 million tonnes than last year, reaching 21.2 million tonnes. Production in other provinces — Sindh (3.8 million), Khyber Pakhtunkhwa (1.4 million) and Baluchistan (1.6) — was almost the same as last year.

The record harvest will help lower the country’s forecasted import needs from 3 million to 2 million tonnes in 2023-24 even as total consumption grows to 30.2 million tonnes from 29.2 million tonnes. Pakistan imported 2.6 million tonnes last marketing year.

“Domestic demand continues to expand with population growth, and the record crop production will still be insufficient to meet domestic needs,” the FAS said.

The government has procured about 6 million tonnes of wheat from the domestic market to replenish its strategic reserves, and government stocks as of mid-June were about 10 million tonnes, the FAS said. The government is expected to start releasing wheat to millers in August, which is later than last year. Until then, millers will buy wheat from the open market.

Prospects for the 2023-24 rice crop remain good, and the production forecast is unchanged. Weather during seeding and transplanting in May through June was optimum in the rice-growing areas. Rainfall was good, which reduced the need for irrigation water. The 9-million-tonne forecast, if realized, will be the second-largest crop ever, slightly less than the record 9.3-million-tonne crop in 2021-22.

Comment by Riaz Haq on August 9, 2023 at 10:11pm

Pakistan’s potato production soared to 7.9m tonnes in Fiscal Year 2022 from 5.8m tonnes in FY 2021, up by 35% as floods did not hit Punjab which is a hub of potato production, Pakistan Today! cited data reveals.


https://www.potatobusiness.com/market/pakistan-can-become-one-of-ch...


There is a gradual increase in potato production in this country. During 2020, potato production was estimated to be 4.55m tons utilizing the cultivated area of 234,400 hectares. However, in the 2021- 2022 season, according to the Ministry of National Food Security and Research Statistics (MNFS&R), potato production jumped to 7.74m tons, which is an increase of almost 50% as compared to the last year.

Pakistan potato is exported mainly to CIS (Commonwealth of Independent States) countries like Russia, Azerbaijan, Iraq, UAE, Oman, the entire gulf, and Singapore, Malaysia in the Far East.

In Pakistan, potato is the fourth most important crop after wheat, rice, and corn. It is one of the four major staples that significantly contribute to national domestic consumption and food needs.

Fresh potato production for the 2022-2023 Marketing Year (September to August) is forecast at 93m metric tons (MMT), a slight decrease from the estimated 95 MMT produced in MY 2021-2022 owing to reduced acreage. According to industry sources, the potato planting area decreased in the northern single crop zone, especially in northeast China, due to government incentives and price supports intended to boost soybean production.

Low prices at the start of the harvest season in the Southwestern, Central, and Winter crop zones, which account for half of China’s fresh potato production, also contributed to the reduction in planted area for MY 2022/23. According to China’s 2022 Agricultural Outlook Report on Potatoes, the average wholesale price of fresh potatoes in 2021 was USD0.15/lb., a 12.7% decline from 2020, and the lowest level in six years.

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