May 29, 2012

China's 2012 corn output seen at record 197.5 million tonnes

For 2012, China will gather more bumper corn crop as it sowed additional land to meet soaring local demand, whereas soy yield is likely to fall again, according to an official's forecast.

China is expected to see a corn output of 197.5 million tonnes in 2012, up 3% from last year, CNGOIC said.

China's corn imports in the year to September 2013 are expected to jump almost 60% to 7.9 million tonnes.