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China’s corn imports set to reach record levels this year, as high prices boost demand for substitutes

Summary:
[unable to retrieve full-text content]China’s corn imports are tipped to reach a record high this year, but elevated prices for the widely-used animal feed are also boosting demand for alternative grains, analysts said.The world’s largest importer of corn bought a total of 3.16 million tonnes from around the world in May, a 395.3 per cent jump from the same period last year, and up from 1.85 million tonnes in April, according Chinese customs data released last week.Between January and May, it imported 11.73 million tonnes of corn,…

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[unable to retrieve full-text content]
China’s corn imports are tipped to reach a record high this year, but elevated prices for the widely-used animal feed are also boosting demand for alternative grains, analysts said.The world’s largest importer of corn bought a total of 3.16 million tonnes from around the world in May, a 395.3 per cent jump from the same period last year, and up from 1.85 million tonnes in April, according Chinese customs data released last week.Between January and May, it imported 11.73 million tonnes of corn,…

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