China will be increasingly dependent on animal feed ingredients in international markets in the next decade to serve its growing demand for meat, according to the Organization for Economic Cooperation & Development (OECD) and the Food & Agriculture Organization (FAO). In a joint report both organizations said imports of soybeans, a key protein source in pig and poultry feeds, will total 83 million tons in 2022, a 40% increase from 2013…Full-text article: BlackSeaGrain June 2013

Key point

  • The OECD and FAO also stated that China’s coarse grain imports (e.g. corn), will reach 13.2 million MTs in 2022

ChinaAg Comment

  • In 2011, China imported 52.4 million MTs of soybeans, with a value of US$29.7 billion. From January to September 2012, China imported 44.3 million MTs of soybeans, with a value of US$25.5 billion
  • From 2006 to 2009, Chinese corn imports were relatively flat and ranged from 79,000 to 164,000 MTs per year. Imports began to take off in 2010 (specifically from June-November), and topped 1.6 million MTs. The following year saw a slight uptick to 1.7 million MTs imported, with values climbing past the US$500 million mark.  From January to October 2012, China imported 4.1 million MTs of corn, with a value of US$1.36 billion

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