Thursday, May 22, 2014

Saaay, When Did China Go From Being a Net Grain Exporter To Being A Net Grain Importer?

It was in 2008, it was in all the papers but the trend is really accelerating.
From Farm Policy:
ERS: China’s net grain imports surge in 2012 and 2013
From USDA’s Economic Research Service (ERS), May 22- “China’s demand for imported grains, much of it from the United States, has surged recently, with imports of cereal grains rising to 16 million tons in 2012 and 18 million in 2013. Imports in 2013 included 3 million tons of corn and 4 million tons of DDGS (distillers dried grains with solubles; a co-product of U.S. corn ethanol production used for feed) from the United States. In 2013, the United States supplied 70 percent of China’s wheat imports and, for the first time, China became a major market for U.S. sorghum....