Feed mills in China, the second- biggest corn consumer, will probably order more U.S. grain on concern that domestic supply won’t meet demand before the fall harvest, researcher Yigu Information Consulting Ltd. said.
China, the biggest corn consumer after the U.S., made at least its second purchase of foreign grain in two weeks, two traders with knowledge of the transaction said, as the country seeks to cool local prices.
China, the world’s second-biggest corn grower, may increase its production by 7.6 percent this year, limiting potential imports, said Yigu Information Consulting Ltd., an independent grain advisory company.
China, the world’s second-biggest corn user, may import fewer shipments from the U.S. than forecast due to rising costs since the worst drought in decades hit the top grower, a state-owned researcher in the Asian country said.
Buyers in China, the second-biggest corn consumer, may halt purchases from the U.S. as quarantine officials reject more shipments with a non-approved genetically modified variety，said Yigu Information Consulting Ltd.
Corn output in China, the second- biggest consumer, may be less than projected this year as rain and flooding in the northeast damaged crops, boosting the need for more imports, according to a local researcher.