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Why you should care about India s farmers protest carillonregina.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from carillonregina.com Daily Mail and Mail on Sunday newspapers.
Gro has long forecast that we should see China turn into a major grain importer, on a scale far beyond what we see today. So far this year, China has contracted for over 11.2 million tonnes of US corn for delivery in 2020/21. China also has released more wheat and rice reserves and started importing more feed quality wheat as the price of corn has risen.
Corn is currently trading at a premium to wheat and some lower grades of rice in China, a noteworthy event as corn has historically traded at a heavy discount to both. High domestic grain prices are expected to push China’s rice imports to their highest level in years, and limited corn supply raises the possibility that rice may soon be blended into animal feed.