Is this possible? China will become the largest corn buyer in 2021
- By AAC
- 28 May 2014
As the eating habit changing, it is said that China corn export volume would exceed Japan, Mexico, and become the largest buyer in 2021.
China was no longer self- sufficient in corn supply five years ago. Before 2009, corn supply could usually satisfy domestic need, except seasons with extreme drought. According to USDA, 2% of Chinese corn consumption depends on export in 2014, and this number is forecasted to reach to 7.2% in 2024.
By then, China will become a huge corn export country, with no doubts, which is exciting good news to USA, Brazil and Ukraine. Labour aging in Northeast China is considered an important reason for decreased corn export.
China corn import is forecasted to exceed Korea in 2018 and exceed Japan in 2021.
Source: http://www.guojixumu.com/news/newshow.html?id=28713