December 9, 2010

China's 2010-11 corn imports to be "reasonable"

China's imports of corn this marketing year will be "reasonable," and the country's focus is on corn self-sufficiency, an industry official said Wednesday (Nov 8).

"We have enough stocks to meet our demand in the year ending September 30, 2011," China Grain Research & Training Centre Director Songseng He said on the sidelines of a grains conference in Australia.

China is focused on efforts towards self-sufficiency in supplying its population of 1.3 billion people with corn, He said.

"If we depend on the foreign market, there will be a problem," He said.

He didn't give a projection for import volumes. The USDA has forecast China's corn imports this year at one million tonnes.