China's corn exports projection slashed due to supply gap

Updated 2018-05-13 21:55:01 Xinhua

China's Ministry of Agriculture and Rural Affairs has slashed its projection for the country's corn exports from October 2017 to September 2018, due to a supply gap.

Corn exports during the period are estimated at 200,000 tonnes, down 300,000 tonnes from the projection made last month, according to a report by the Chinese Agriculture Outlook Committee, an advisory body under the ministry.

"Corn production could not meet domestic demand, and the export amount was below expectations," the report said.

In the period between October 2018 and September 2019, corn output is expected to drop 2.9 percent year-on-year to 210 million tonnes.

That would be a result of higher subsidies for soybean production and drought in certain parts of the northeastern crop growing areas, according to the report.

Meanwhile, corn consumption will continue to grow in that period, partly because of increased demand for pig raising and industrial processing.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58October 19 2018 11:08:30

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16October 19 2018 11:08:30

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18October 19 2018 11:08:30

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords