China could import 20 million to 30 million tons of corn a year to cover growing supply shortages, a researcher with a government think tank said on Thursday, as much as four times current levels. This would be around a quarter of globally traded corn and up to twice as much as number one importer Japan buys, a boon to exporters like the United States, Ukraine and Argentina…Full-text article: BlackSeaGrain Sep 2013

Key point

  • In 2013/2014, Chinese corn imports are expected to be ~7 million metric tons

ChinaAg Comment

  • 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 Jan-Oct 2012 (latest available data), imports surged to unprecedented levels, exceeding 4 million MTs.

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