“As the second biggest corn producer, China’s volume of corn
imports or exports often causes great fluctuation of the
international market. There is a transformation from the basic
equilibrium of corn supply and demand to the demand surplus to
supply,” said Jiang Jianhua, Director of the Chinese Association of
Grain Sector.
However, China is making significant efforts to implement
policies that are favorable to farmers, hoping to give them
initiative to grow corn, according to relevant experts. At present,
the sown area of corn is continuously increasing and the output
keeps growing every year. However, the consumption of corn used for
breeding has also increased steadily. But with the government
reducing its subsidies to the intensive processing of grains, the
growth of the sector’s demand for corn will be restricted to a
small margin.
China’s corn output during 2007-2008 is expected to be 149
million tons, the domestic consumption 145 million tons, and the
surplus 4 million tons, based on forecasting from the China Grain
and Cooking Oil Information Center.
(China.org.cn by Yang Xi, September 25, 2007)
