South Africa, the continent’s biggest corn producer, is close to starting its first exports of the yellow variety of the grain to China, according to the biggest organization representing local farmers of the crop. Talks between the governments are in the final stages, Grain SA chief executive Jannie de Villiers said in a June 25 interview…Full Article: Independent Online July 2014
- According to the article, South Africa may harvest 13.9 million tons of white and yellow corn during the 2014 season
- In 2013, China imported approximately 4 million MTs of corn for use primarily in their animal feed industry
- From January-Oct 2012, China imported 16.4 million MTs of soybeans from the U.S., 22.2 million MTs from Brazil, 4.2 million MTs from Argentina, and 1.3 million MTs from other countries (e.g. Uruguay, Canada, etc.). From 2006 to 2011, Chinese imports of U.S. soybeans increased from 9.8 million to 22.2 million MTs, or by 125%. The second largest supplier was Brazil, with Chinese imports rising from 11.6 million to 20.6 million MTs, or by 77%. Argentina, the third largest soybean supplier, saw their exports to China rise from 6.2 million to 7.7 million MTs, or by 25%.