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Dialogue 10/08/19 China increases orders of U.S. corn

08-19-2010 21:31 BJT

In May, China bought another 369,000 tons of corn from the U.S., confirming the second big sale of U.S. corn to China since late April and the single largest purchase by Beijing since 2001. China may become a net importer of corn in five years if the demand continues to grow at such quick levels. Demand for corn, particularly from the livestock and processing industries, has grown rapidly. Even as demand continues to grow, corn output has been hardly able to keep pace. The annual growth rate of China's corn output at 2 to 3 percent is far behind the 10 percent growth in the processing industry. Today we are joined here live by Prof. Wen Tiejun, Renmin University and Brandon Blackburn-Dwyer, Current Affairs Commentator.


Editor:James |Source: CNTV

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