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CHINA IS NOW PRODUCING MORE CORN THAN RICE
Agri-Pulse reports:

Supply and Demand Estimate (WASDE) report and the U.S. Grains Council (USGC). The country is also importing record numbers of the commodity, creating an opening for U.S. producers despite last year's devastating drought.

"Dramatic shifts in corn production are taking place across the globe" said Kevin Roepke, USGC manager of Global Trade. "This is stark evidence that today's corn producer is well poised to take advantage of growing global consumerism."

In 2010/2011, China produced 177.25 million tons of corn; this year, USDA expects China will produce 208 million tons. Its corn imports have more than doubled, from 98 million tons to a projected 2 billion.

Domestic feed production is also up dramatically, from 128 million tons to 145 million.

Experts say that the spike in Chinese corn consumption is due to the rising quality of life in that country, as more and more consumers are demanding meat products. Poultry consumption has increased by 300 percent since 1993, while pork and beef consumption has increased 85 and 155 percent, respectively.

The feed for that livestock is either produced in China or shipped from overseas, often from the United States.


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