SOURCE / ECONOMY
By Yin Yeping Published: Apr 11, 2021 08:58 PM
A farmer drives a combine harvester to reap corn crops in Sunjiatun Village of Nongan County, Changchun, northeast China s Jilin Province, Oct. 29, 2020. Jilin Province has entered the final phase of autumn harvest as agricultural producers finished gathering 96.3 percent of the season s crops.Photo:Xinhua
The US will likely surpass Ukraine as China s top source of corn this year for the first time since 2015, as China s corn imports from the US continue to grow amid increasing demand, soaring prices and the China-US phase one trade agreement, experts said on Sunday.
Since March 2020, corn prices have soared, peaking at 2,900 yuan ($442) per ton. There have been some fluctuations since March, and the price was just 2,730 yuan in early April, but it rose again by 150 yuan per ton in the past week and maintained at a historical high level, industry data showed.
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