Seed China Monthly Report(Seed China Monthly Report 202505)

Market analysis: In 2024, the new varieties promoted by China's broccoli breeding group covered an area of 39,000 hectares, accounting for 37.5%, significantly replacing imported varieties; In Feb.–April 2025, the transfer of several new agricultural varieties—including soybean, oilseed rape, wheat, rice, and corn— which feature high yield, disease resistance, and quality, will be a great boost to agricultural production.

Company dynamics: In 2024, Winall's revenue rose but net profit fell. Its seed business saw growth in both income and sales volume. Winall also achieved remarkable results in scientific research and international market expansion; Longping High-Tech's performance declined in 2024 and Q1 2025 and it raised funds through a private placement of shares to optimize its financial structure and promote business development; DBN Group's operational performance in 2024 has overturned the deficits in the previous year, with an increase in seed industry revenue and progress in overseas licensing expansion.

Trade analysis: China's main grain imports in the first four months of 2025 have plummeted, with wheat down by 83%, corn down by 95.1%, and only rice imports increased; In April 2025, China's import volume of seeds of soybean, corn and vegetables increased by 128.99% MoM to 1,600.179 tonnes, while the export volume droped by 20.07% MoM to 852.879 tonnes.

Policy: The revised Regulation on the Protection of New Varieties of Plants will come into effect on 1 June, 2025. Its goals are to strengthen the protection of plant variety rights, promote innovation in breeding, standardize the application process for these rights, enhance the quality and efficiency of authorization, and improve the convenience for all relevant parties.

Variety: Shandong Province publicizes the list of 163 proposed high-quality crop varieties for promotion in 2025, covering multiple types; On 1 May, 2025, China's Ministry of Agriculture and Rural Affairs issued an announcement granting new variety rights to 2,797 plant varieties, boosting the seed industry's development.

The USD/RMB exchange rate in this Report is USD1.00=CNY7.2008 on 6 May, 2025, sourced from the People's Bank of China.