4/08/2015

China 2014/15 imports of corn substitutes to stay strong

Chinese imports of corn substitutes, such as distillers' grains (DDGs), barley and sorghum, are expected to remain robust this year with buyers looking for cheaper alternatives to expensive domestic corn. Beijing's stockpiling scheme means domestic corn prices are about 30 percent above global prices and with corn imports restricted by a quota system Chinese mills are looking for alternatives to cut production costs for animal feed.