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.
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.
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.
China, the world’s biggest consumer of grains, will probably have an increased autumn harvest and will stay self-sufficient in corn, wheat and other cereals, Zeng Liying , deputy director of the State Administration of Grain.