China: Corn Prices Rise Amid Unprecedented Supply and Demand Shocks

  |   Attaché Report (GAIN)

Contact:

Office of Agricultural Affairs, Beijing   |   (011-86-10) 8531-3600

Current corn prices have recovered from lows in MY2016/17 as mounting pressures from supply shocks weigh on historic shifts in demand. MY2019/20 corn production is forecast to fall more than 9 percent from USDA’s June forecast due to lower area and yield. Feed demand is projected lower as African Swine Fever-related declines in the hog sector are partly offset by rising poultry production. The MY2019/20 corn feed use forecast is lowered 11 percent from USDA’s official forecast to 170 MMT, the lowest feed use estimate since MY2015/16. The MY2018/19 corn feed use estimate is also lowered to 177 MMT, or about 8 percent.

China: Corn Prices Rise Amid Unprecedented Supply and Demand Shocks

 

East Asia and the Pacific, China
Grains, Feeds and Fodders, Corn, Rice, Wheat

Database Source:

Related Reports

View More
Attaché Report (GAIN)

Ukraine: Biotechnology and Other New Production Technologies Annual

The biotechnology regulatory system in Ukraine is still not fully developed, but the country is gradually adjusting its domestic policies to align with European Union regulations.
Attaché Report (GAIN)

Tunisia: Agricultural Biotechnology Annual

Tunisia is continuing to postpone non-urgent matters in front of major political and economic reforms. As a result, Tunisia’s biosafety framework, which was drafted in 2014, remains on hold with no timeframe for a review and parliamentary vote.
Attaché Report (GAIN)

Thailand: Rice Price - Weekly

Export prices of white and parboiled rice rose one percent from the previous week as exporters reportedly continued to secure the rice supplies to fulfill contract shipments.