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China Set to Hit Pause Button on U.S. Corn Buying on Weak Market bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
China Set To Hit Pause Button On U.S. Corn Buying On Weak Market bloombergquint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloombergquint.com Daily Mail and Mail on Sunday newspapers.
vencavolrab/ThinkstockPhotos- Demand comes as Asian nation grapples with feeding world s largest hog herd with limited amount of productive farmland. Bloomberg | Mar 17, 2021 By Bloomberg News China, the biggest corn consumer after the U.S., is still short of the feed grain, and more overseas purchases are likely. Asia’s top economy has to nourish the world’s largest hog herds and supply a growing local refining industry, which produces everything from sweeteners to starches and alcohol. The increased demand this year and in future years comes as the country grapples with limited amounts of productive farmland. The U.S. reported sales of more than 1 million tons of corn to China on Tuesday, a day after the government said weekly export inspections climbed to the highest level in at least 26 years. The announcement of the latest sales coincides with an in-person meeting of top U.S. and Chinese envoys this week in Alaska, the fir ....