BEIJING - China is likely to exceed the United States and become the world's biggest seed market with a volume of $14.2 billion in 2015, said a Chinese researcher on Sunday.
China currently ranks second with its crop seed market worth 65 billion yuan ($10.5 billion), said Liu Xu, vice president of the Chinese Academy of Agricultural Sciences at a forum prior to the 2014 World Seed Congress, which will open in Beijing on Monday.
China's seed industry has entered a rapid development period of commercialization with more than 100 breeding enterprises, which have their own research and development capabilities, said Liu.
The seed market in the United States is worth $12 billion, or 26.7 percent of the world's market, according to 2012 data of the International Seed Federation.
|
 |
 |
| Top 10 biggest auto makers of 2014 | Top 10 world's biggest retailers |
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
