Wednesday, October 12, 2011

China Imports More Corn to Meet Domestic Demand

The top news of CCM’s latest issue of Crop Protection China News shows that China hungers for corn import. China may import about 7.4 million tonnes of corn or more to meet domestic demand in 2011.

On September 20, 2011, China State Administration of Grain (CSAG) together with related departments released a notice to China Grain Reserves Corporation (Sinograin) to ensure China's food security and economic growth, aiming to arrange a rotation plan of state corn reserves( about 3.7 million tonnes) and put them all into domestic market to meet the needs by the end of Nov. 2011.

Therefore, China has to supplement more corn to state storage for the next year. The imported corn of China is mainly from US. China has imported more than 1 million tonnes of corn from the US in 2010, exceeding the total import volume of the corn imported from the US in the history. And it has imported 1.25 million tonnes of corn from the US in March 2011. According to the US Grains Council, China's total import volume of corn in 2011 is predicted to reach 7.4 million tonnes or more.

China will rely more and more on importing agricultural commodities. The planting area in China is limited, but the demand for agricultural commodities has witnessed huge increase in recent years. China's corn demand may reach a continuous record high in the next few years and its total import volume of corn utill 2014 is predicted to reach 25 million tonnes. It will replace Japan and become the largest corn importer in the world.

The above news is from CCM’s October issue of Crop Protection China News, with more stories below:
-China may import about 7.4 million tonnes corn or more to meet domestic demand in 2011.
-Medium and small size pesticide players in China are now busy seeking for investment or acquisition, aiming to go through the period of capital shortage recently.
-China will carry out new crop seed development plan in the near future to better manage the development of domestic crop seed industry. The eye-attracting topic of GM grain commercialization is still reported to be not ready in China in the next ten years.
-San Ya City released its new pesticide policy on Sept.19, 2011 and became the lead in Hainan Province to implement the provincial pesticide policy of Implementation Measures.
-Shaanxi Limin sets up two more subsidiaries in Weinan City, aiming to consolidate its chain store business of agricultural materials in Shaanxi Province.
-Hunan Haili has finished the construction of a carbamate insecticide plant with capacity of 10,000t/a in Sept. 2011.
-Seed dressing agent of imidacloprid has been accepted by more and more peasants in China and it may become a big growth point of the product in the near future.
-China's ethephon output increased remarkably in Jan.- July 2011.
-Many tea enterprises try using predatory mite as a bio-control agent against pest mites in Fujian Province recently.

For more information about CCM’s Crop Protection China News, you can contact us at
 (Guangzhou China, October 11, 2011)

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