November 10, 2011
China's corn import may hit 10 million tonnes by 2015
China is likely to import 10 million tonnes of corn a year by 2015 to meet its hog feed demand, according to Rabobank Nederland.
The world's second-largest corn consumer will also likely increase its imports of distillers dried grains with solubles, or DDGS, a corn-based feed mostly supplied from the US, Rabobank said.
The estimates were in line with expectations by traders and analysts as China faces shrinking farmland and strains to improve its corn yields to meet its strong domestic demand from livestock breeders.
China's feed demand will depend on the price of feed wheat, Rabobank said, adding that high domestic corn prices will likely be sustained through December.
