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FORT COLLINS, Colo. (Reuters) - China in recent years has been notoriously absent from global corn trade, particularly when compared with its consumption rates, in its efforts to bolster food security and maintain self-sufficiency.
FILE PHOTO: A corn harvester reaps corn at a farm in Gaocheng, Hebei province, China, September 30, 2015. REUTERS/Kim Kyung-Hoon
However, Chinese corn prices surged this year as stockpiles dwindled, forcing the country to scoop up large quantities of foreign corn, especially from the United States. China is now on the path to becoming the top importer of the yellow grain next year.
The question now is whether the Asian country plans to permanently cement itself as a top corn importer, whether the government will attempt to boost domestic production, a combination of both or none of the above.
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