News Articles - China
NCGA CEO Sees Growing Potential for Ag Exports to China
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- Category: News Room
- Published on Friday, 04 November 2011 13:26
- Matching Keywords: China
“Over the past 25 years, we kept predicting China would grow into an important market for U.S. agriculture ‘in a few more years.’ I hadn’t realized, and I’m guessing many growers haven’t realized that in 2010 China became our number one export market,” reported Rick Tolman, chief executive officer for the National Corn Growers Association.
Despite World Economy, India Poised for Growth
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- Category: News Room
- Published on Friday, 04 November 2011 13:22
- Matching Keywords: China
India’s growth outlook “appears more subdued than last year,” but analysts still expect to see it hover around 8 percent, reported U.S. Grains Council Consultant Amit Sachdev.
The International Monetary Fund now pegs Indian growth at 7.8 percent for 2011/2012, citing challenges from high inflation and higher interest rates, which could dampen demand. The Prime Minister’s Economic Advisory Council, meanwhile, projects growth close to 8 percent.
It’s Not Just China, Southeast Asia Posts “Eye-catching Advances”
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- Category: News Room
- Published on Friday, 28 October 2011 14:13
- Matching Keywords: China
World attention may focus on China, but Southeast Asian markets are undergoing dramatic changes that include a growing dependence on feed grain imports, reported Adel Yusupov, U.S. Grains Council regional director in Southeast Asia.
“We’re seeing a decline in domestic crop production and burgeoning feed demand,” said Yusupov. “U.S. corn exports to Southeast Asia are up almost 1,000 percent year-on-year, and regional feed millers have been sitting on the edge of their chairs watching the Chicago corn market. Feed production is up this year in every single Southeast Asian market, and millers are taking advantage of every temporary dip in the price of corn.”
DDGS Sales Summary
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- Category: News Room
- Published on Friday, 28 October 2011 14:04
- Matching Keywords: China
Thirty-eight countries around the world have purchased U.S. distiller’s dried grains with solubles (DDGS) as of August this year, and January-to-August totals show sales on the increase in 28 of those countries, reports the U.S. Grains Council.
Despite the uncertainty surrounding China’s DDGS antidumping case, Chinese imports totaled almost 805,000 metric tons, making China the number two DDGS market for the period. Nearly 1.3 million tons in purchases, a 16 percent increase, moved Mexico into the number one position.
China's Changing Corn Market
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- Category: News Room
- Published on Friday, 21 October 2011 14:36
- Matching Keywords: China
In September, the Chinese government began releasing corn from government reserves into the market and has reportedly released approximately 3.7 million metric tons (145.7 million bushels) to date. Releases were accomplished through normal sales channels rather than a public bid process. U.S. Grains Council sources suggest this may reflect an attempt to monitor sales volumes more tightly due to concerns regarding actual stock levels.
Chinese market insiders also suggest China may restrict new crop corn procurement by the main buyers in Northeast China this year. Industrial processing companies and possibly small feed mills and livestock farms are likely to be the first sectors affected, followed by large enterprises like COFCO and the China Grains & Logistics Corporation (CGLC). Finally, large grain enterprises could see restrictions on purchase volumes, and bank lending for some large buyers could be tightened.
