The China National Grain and Oils Information Centre published its latest report, which expects China will increase its corn and wheat imports.
According to the report, in the year ending September 30, corn imports reached an estimated 4 million tons, up 3.02 million tons from last year, and wheat imports increased by 700,000 tons to 1.5 million tons in the year ending May 31.
CNGOIC’s report predicted wheat consumption of 18 million tons, an 8.8% increase in corn consumption to 177.1 million tons, including 107.8 million tons of corn for feed use, up 7.8% from last year. Consumption of corn for industry use will increase by 5.5 million tons.
