China’s corn output shifts commodity trade patterns

Industries

Friday, December 21, 2012

For the first time in its history, China is expected to produce more corn than rough rice, demonstrating a growing affluence by the Chinese middle class and their demand for an increasingly protein-rich diet, the Washington-based U.S. Grain Council said. In its December World Agricultural Supply & Demand Estimate, the U.S. Department of Agriculture revised its projection upward for Chinese corn production from 200 million metric tons (7.9 billion bushels) to 208 mill...

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