In terms of market analysis, Heilongjiang's three main soybean-seed sub-segments grew in 2026, with pricing diverging across distinct product profiles, though commercial GM soybean planting remains unauthorised. In 2026, the seed industry cyclical recovery took hold, buoyed by policy support, GM commercialisation progress, and grain prices. Destocking accelerated, varietal polarisation deepened, and summer-sowing demand lifted the competitive edge of leading players.
In terms of company and supply, on 27 May, 2026, Qiule Seed announced adjustments to its bio-breeding R&D project, with total investment unchanged, adding Hainan as an implementation site and optimising the internal investment structure. In 2025, SDIC Fengle's seed gross margin rose to 32.41%. The controlling shareholder SDIC Seed promoted scientific research collaboration and bio-breeding cooperation, with two GM varieties already commercialised.
In terms of trade analysis, in May 2026, China's total imports of soybean, corn, and vegetable seeds fell 19.38% MoM, while total seed exports dropped 45.64% MoM. From January to May 2026, China's imports of major grains rose 10.97% YoY. In May, China's grain imports surged 32.50% MoM.
In terms of policy, on 28 May, 2026, Hebei Province passed the province's first full-category seed industry regulation, effective 1 September, coordinating the unified management of five major seed sectors with full-chain regulatory and supporting rules from germplasm protection to industry support. On 9 June, Anhui Provincial Department of Justice solicited comments on the draft revision of the seed regulation. Measures include encouraging off-site breeding, requiring online seed sellers to disclose licences and information, and strengthening enterprise innovation.
In terms of variety, on 3 June, MARA announced 2026 major crop varieties approved in Guangxi Zhuang Autonomous Region, totalling 123 varieties, including 58 rice, 64 corn and 1 soybean. From 3 to 5 June, MARA announced 35 major crop varieties approved in Hunan Province for 2026, all of which were rice; and 44 major crop varieties approved in Zhejiang Province for 2026, including 27 rice, 10 corn, 3 soybean, 2 wheat, and 2 cotton.
The USD/RMB exchange rate used is USD1.00 = RMB6.8167, sourced from the People's Bank of China on 6 May, 2026.
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