NEW YORK, Dec. 17, 2016 /PRNewswire/ -- China is the second largest seed market in the world, annually using roughly 12.5 million tonnes of planting seed. The MOA estimates 10.1 million tonnes of corn, rice, wheat, soybean, potato, cotton, and rapeseeds were used in 2014, with a market value at USD13.2 billion. Commercially produced seeds account for approximately 70 percent of seed use for these crops.
China is self-sufficient in rice, corn, wheat, cotton, and soybean seeds, and produces 80 percent of the vegetable and fruit seeds it uses. Farmers are relying less on saved seeds and are instead using government subsidy programs to purchase higher quality commercial seeds.China imported 64,205 MT of planting seeds in MY 2014/1 5 valued at USD325 million, roughly the same as in MY2013/14. Grasses such as ryegrass, Kentucky grass and fescue were the most imported seeds by value, followed by fruit and melon seeds.China exported 27,299 tonnes of planting seeds in MY 2014/1 5 valued at USD263 million, similar to exports in MY2013/14. Rice seed accounted for over two-thirds of China's total planting seed exports in MY201 4/15, followed by vegetable seed which accounts for 15 percent of total exports.China is the second largest market for planting seeds after the United States. It is self-sufficient in planting seeds for grains, but imports some grass, vegetable, and fruit seeds. China is the United States' second largest export market for seeds, fruit and spores for planting after Mexico. China is the second largest seed market in the world, annually using roughly 1 2.5 million tons of planting seed. MOA estimates 1 0.1 million tons of corn, rice, wheat, soybean, potato, cotton, and rapeseeds were used in 201 4, with a market value at USD1 3.2 billion. Commercially produced seeds account for approximately 70 percent of seed use for these crops. China is self-sufficient in rice, corn, wheat, cotton, and soybean seeds, and produces 80 percent of the vegetable and fruit seeds it uses. Farmers are relying less on saved seeds and are instead using government subsidy programs to purchase higher quality commercial seeds.
On 29 April, 201 6, the Notice on Taxes Levied on Imported Seeds during the 1 3th Five-year Plan Period was released by the MOF.
Accordingly, imports of seeds, seedlings, breeding stock, fry and wild animals and plants for reproduction continue to be exempt from VAT in China during 201 6-2020.
Chinese seed enterprises mainly expand the overseas market by four models. They are domestic research and developmentdomestic seed production-foreign sales, domestic research and development-foreign seed production-foreign sales, foreign research and development-foreign seed production-foreign sales and domestic research and development-foreign seed production-domestic sales.
July is the peak sales month for late season crop seeds in China. Currently in Guangdong Province, supply-demand relations of hybrid rice seeds, hybrid corn seeds and peanut seeds are essentially balanced and supply of vegetable seeds is sufficient.
Meanwhile, prices of hybrid rice seeds, conventional hybrid corn seeds and peanut seeds are basically flat with that over last year while prices of fresh corn and vegetable seeds are down slightly.
The aim of this study is to conduct the quantitative trait loci (QTLs) of wheat flag leaf traits. In order to implement the purpose, a 90K genotyping chip and SSR genetic linkage map are used.
Researchers expect to achieve high-yield and high-quality breeding by a similarity-difference evaluation method. Therefore, 20 hybrid combinations of soybean are analysed by using yield, fat and protein as main breeding targets.
Read the full report: http://www.reportlinker.com/p04037702-summary/view-report.html
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
Contact Clare: firstname.lastname@example.org
Intl: +1 339-368-6001
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/seed-china-news-1607-300380369.html