China's important corn producing Gansu Province has revealed the new list of creditworthy corn seeds companies. As more companies are rated as financially stable, the top corn varieties are losing share in the total planting area.
China is the country with the highest agricultural production, resulting of the need to feed 1.4 billion people. Joining this market is a goldmine if market players know where and how to invest. CCM gives an overview of the most creditworthy corn seed companies and outlines the preferred corn seed varieties.
According to CCM’s research, China's top 10 most widely planted corn seed varieties in 2016 include Zhengdan 958, Xianyu 335, Jingke 968, Denghai 605, and Jundan 20. The combined planting area of the top 10 seeds almost reached 10 million ha in that year, accounting for 31% of the national total. Hence, the corn seed planting area is very concentrated in the country and the top seeds are highly preferred by the farmers. However, official data also reveals, that the domestic corn planting area had kept falling from 2014 ongoing.
Out of the almost 100 corn varieties that were grown in China in 2016, the top 10 count as the core varieties. While the planting area of the top 10 already covers nearly a third of the total, the next preferred corn varieties are showing a much more diversified share. After all, the combined planting areas of China's top 20, top 50 and top 100 hit 38%, 48% and 58% of the total share respectively. As a result, the about 900 lesser used corn varieties are still accounting for 42% of the total share.
The information for this article comes from CCM, China’s leading market intelligence provider for the fields of agriculture, chemicals, food and feed.
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