China has become the world’s second largest seed market

According to the Third International Conference on Seed Health and Agricultural Development, China has now become the second largest seed market in the world after the U.S. With a 95% coverage of improved varieties of agricultural production and a 40% rate of contribution to increasing agricultural output, the farming industry has become a fundamental and strategic industry that promotes agricultural development and ensures stable security in the national cereal supply and efficient delivery of key agricultural products.

Chief economist from the Ministry of Agriculture and press spokesman of the ministry, Chen Mengshan, presented that currently China has a basic system of industry development and a market scale of more than 50 billion Yuan. He also added that fundamental laws and management systems are established, which helped to certify more than 8, 000 seed companies.

According to Chen Mengshan, China will endeavor to make breakthroughs in four areas: first, to highlight the overall development of the industry by forming a complete industrial chain; second, form a new seed industry by connecting all industry links; thirdly, to insist on maintaining the combination of market competition and the policy to fully deploy the initiative of enterprises and strengthening the policy guidance and project inputs; fourth, improving industrial capacity and ensure the capacity of seed production and supply and security in the stock of seeds for agricultural production.

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