Global aquaculture production in 2019 is forecasted to reach 86.5 million tons, a continued growth of 4%. Supply remains limited for some species, such as salmon and bivalves, but in other markets, such as shrimp, seabass and seabream, plentiful supply is pushing prices down. Utilization of fish in feed, for example fish meal, is expected to declined by 14.2%. For aquaculture producers, while several species are currently well supplied, a recognition of long-term demand trends will continue to drive investment and research into alternative means of farmed fish production. (Source: FAO, Food Outlook, May 2019)
During the span of five years from 2020 to 2025, the soybean acreage will reach 19.27 million acres, increasing 2.29 million acres. Supported by increasing incomes and urbanization, urban and rural residents will consume more meat, dairy products, edible vegetable oil and vegetable protein, further driving the consumption of soybean. As forecasted by the Report, by year 2025 China’s annual consumption of soybean will be 108 million tons.
In his speech at China Agricultural Outlook Conference, Han Changfu, Minister of agriculture of MOA stressed that China needs to step up the agricultural supply-side structural reform to promote the adaptability and flexibility of agricultural supply. According to Mr. Han, with the market demand used as a beacon, the attention should be paid to the adjustment and optimization of variety structure, quality, industry structure and the supply of innovative products for customers; the attention should also be focused on the use of "big data" and the decision making based on data.
At the 2014 China Agriculture Outlook Conference held in Beijing on April, 20, Xu Shiwei, Director General of Agricultural Information Institute (AII), released the China Agriculture Outlook Report (2014-2023), the first of its kind in China. The Report is a reflection of progress made by China’s agriculture monitoring and early-warning system and efforts to predict market trends and adapt to the international markets.
