Analysis and Future Prospects of Supply and Demand of Chinese Corn Seeds

Abstract

Since 2016, the corn seed industry has gradually passed the stage of overcapacity, and the area and output of seed production have shown a trend of first decline and second rise. The ratio of seed supply and demand reached a record low after the 2022 sales season. The seed production situation showed the characteristics of concentrated distribution of seed production bases, polarization of variety demand, and continuous increase in seed sales prices and production costs. In 2023, the supply of corn seeds is sufficient, and a few high-quality varieties are in short supply, with slight differences in different regions. From the current situation and domestic development, it is expected that the market value of corn seeds will remain above CNY 30 billion in the future; the supply-demand relationship of seeds will remain stable in the benign development range; the variety selection will shift from supply-oriented to demand-oriented; the seed market price will continue to increase; industry mergers and reorganizations will accelerate, and concentration will gradually increase.

Keywords

• corn seeds
• supply and demand situation
• quality varieties
• outlook