Super-strong El Niño disrupts global agricultural production, compounded by the ongoing geopolitical conflict in the Middle East, and uncertainty about global food supply has risen markedly. Industry insiders have analyzed that domestic autumn grains are likely to maintain a good harvest pattern this year. There is room for growth in total production, and there is no support for the sharp rise in food prices. Subsequent trends require continued attention to the evolution of El Niño and geographical and demand-side variables. “Our country adheres to the food strategy of 'absolutely safe food rations and basic self-sufficiency in grain'. The overall domestic autumn food situation has been decided this year. The substantial impact of superstrong El Niño on autumn grains is limited, and it has not caused widespread disasters.” Liu Dong, a food industry analyst at Shanghai Steel Union, told the reporter, “Taking the corn market as an example, the current core domestic conflict is still strong supply and weak demand. New season grain production is abundant. Combined with pig production capacity to suppress feed consumption, the supply of alternative grains is sufficient, supply and demand for new season corn are generally relaxed, and there is no basis for a sharp rise in prices in the short term. However, domestic and foreign planting costs are rising, and there is also limited room for corn prices to plummet, and there is a possibility that the bottom price will fluctuate and rise in the medium to long term.”

Super-strong El Niño disrupts global agricultural production, compounded by the ongoing geopolitical conflict in the Middle East, and uncertainty about global food supply has risen markedly. Industry insiders have analyzed that domestic autumn grains are likely to maintain a good harvest pattern this year. There is room for growth in total production, and there is no support for the sharp rise in food prices. Subsequent trends require continued attention to the evolution of El Niño and geographical and demand-side variables. “Our country adheres to the food strategy of 'absolutely safe food rations and basic self-sufficiency in grain'. The overall domestic autumn food situation has been decided this year. The substantial impact of superstrong El Niño on autumn grains is limited, and it has not caused widespread disasters.” Liu Dong, a food industry analyst at Shanghai Steel Union, told the reporter, “Taking the corn market as an example, the current core domestic conflict is still strong supply and weak demand. New season grain production is abundant. Combined with pig production capacity to suppress feed consumption, the supply of alternative grains is sufficient, supply and demand for new season corn are generally relaxed, and there is no basis for a sharp rise in prices in the short term. However, domestic and foreign planting costs are rising, and there is also limited room for corn prices to plummet, and there is a possibility that the bottom price will fluctuate and rise in the medium to long term.”