China, India to be key market for US corn, soy

As the global economic downturn begins to ease, China and India are ready to once again lead in food demand growth from emerging economies, according to a new Rabobank report released on Thursday (Feb 26).

Karol Aure-Flynn, executive director of Food & Agribusiness Research and Analysis (FAR) said the mid- to long-term prospect is for corn and soy demand growth to outpace production increases in China and India due to the increased demand for food.

The report added that China has nearly tripled its soy consumption in the last decade, and is currently the world's largest soy importer, accounting for 44 percent of the world trade.