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China corn imports to fall as farmers dump other crops to cash in on bumper profits

Summary:
[unable to retrieve full-text content]Chinese farmers have sharply increased corn planting this year to cash in on demand-fuelled record prices, a trend that is likely to cool the country’s recent rampant appetite for imports heading into 2022.The expansion, which comes mainly at the expense of soybeans and other crops including sorghum and edible beans, will boost China’s maize output in 2021/22 by at least 6 per cent, according to market participants.That is likely to ease a repeat of last year when strong feed demand from the…

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[unable to retrieve full-text content]
Chinese farmers have sharply increased corn planting this year to cash in on demand-fuelled record prices, a trend that is likely to cool the country’s recent rampant appetite for imports heading into 2022.The expansion, which comes mainly at the expense of soybeans and other crops including sorghum and edible beans, will boost China’s maize output in 2021/22 by at least 6 per cent, according to market participants.That is likely to ease a repeat of last year when strong feed demand from the…
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