It Was Estimated by China's National Grain and Oils Information Centre That China's...

Tue Apr 15, 2008 9:00pm EDT

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It Was Estimated by China's National Grain and Oils Information Centre That China's Cultivated Areas of Paddy Were about 29.23 Million Hectares in 2007

DUBLIN, Ireland--(Business Wire)--
Research and Markets
(http://www.researchandmarkets.com/reports/c88798) has announced the
addition of "China Paddy & Paddy Seed Industry Report, 2007-2008" to
their offering.

It was estimated by China National Grain and Oils Information
Centre that China's cultivated areas of paddy were about 29.23 million
hectares in 2007, down 2.39% against the previous year, or reducing by
70,000 hectares. However, the output of paddy totalled 186.5 million
tons in 2007, up 2.15% over the year of 2006 or increasing by 3.93
million tons. In general, the market prices of paddy in 2007 were
higher than the previous year. In addition, the central government has
also intensified strong support to rice production to raise the
minimum purchasing price of rice. Therefore, it is predicted that
China's cultivated areas of paddy in 2008 will have an increase
against last year.

In 2007, the cultivated areas of early paddy and double cropping
paddy both suffered a decrease, while that of middle-season paddy and
single-cropping late price both enjoyed an increase, because of a
build up in rural migrant workers and a low agricultural yield.

The cultivated areas of early paddy and double-cropping paddy
totalled 11.97 million hectares in 2007, down 2.92% against the
previous year or reducing by 360,000 hectares. The cultivated areas of
middle-season paddy and single-cropping late paddy were 17.26 million
hectares in 2007, up 1.71% against the previous year or increasing by
290,000 hectares.

China's paddy consumption mainly covers the six aspects of food,
feed, industrial consumption, seed industry, net export and losses &
waste. It was predicted that the food consumption in the period of
October, 2007 to September, 2008 will account for 78.8% of the total,
the industrial consumption 1.3% and the feed consumption 7.5%.

According to the following chart, we can estimate that China's
paddy supply and demand in the period of October of 2007 to September
of 2008 will be relatively relaxed, but paddy consumption will still
have the problems regarding species and regional imbalance with the
features that ""paddy market in the south is larger than that in the
north"" and ""the consumption of indica paddy is larger that japonica
paddy"". (Indica paddy is planted in the south region and japonica
paddy is planted in the north region)

Based on the authoritative and abundant information from the
National Bureau of Statistics, the China National Grain and Oils
Information Centre and the General Administration of Customs of China,
this report makes an in-depth study on the market status, main
policies, supply & demand and key companies of paddy & paddy seed
industry and forecasts the supply and demand as well as the
development trend of the industry in the period of October, 2007 to
September, 2008.

Companies Mentioned:

-Yuan Long Ping High-Tech Agriculture CO., LTD.(000998)

-Hefei Fengle Seed Co., Ltd.

-Hunan AVA Holdings Co., Ltd.

-Sichuan Guohao Seed Co., Ltd.

-China National Seed Group Corporation

-Jinchu Seeds Co.,Ltd.

-Hubei Provincial Seed Group Co., Ltd.

-Nanjing Red Sun Seeds Co., Ltd.

-Jiangsu Tomorrow Seeds Co., Ltd.

-Jiangsu Dahua Seeds Group Corporation

-Jiangxi Provincial Seeds Co., Ltd.