A projected increase in US exports of corn to China due to a shortage of high-quality grain could benefit both countries, bolstering their already-strong trade relationship in agriculture, experts said. “It’s a win-win situation,” said Su Ye, head of market research at Minnesota’s Department of Agriculture. Zhang Qi, an analyst with Yigu Information Consulting Ltd, was quoted by Bloomberg News on Thursday as saying that China this year may need to increase corn imports to a record 7 million metric tons…Full-text article: China Daily Apr 2013

Key point

  • A grain analyst noted that China’s rising corn imports is partly due to rising domestic demand for livestock feed, and grain degradation from heavy winter snowfall

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