September 1998 Edition
No Boost in Chinese Import Demand Despite Reduced Wheat & Rice Crops
Large stockpiles of grain amassed over the past several crop years are expected to be more than adequate to meet the anticipated shortfall in Chinese production. The past several months have seen heavy flooding along the Yangtze River in central China, as well as above-normal rainfall in the key Northeast growing areas. Despite the reduction in this years' harvest, large carryin stocks will not result in increased import demand, but will serve to reduce what was possibly becoming a burdensome stock situation.
Prices at major commodity market centers fluctuated very little during the floods, indicating that while food shortages may exist in areas hardest hit by floods, the overall situation in China remains one of ample supplies. Infrastructure will be put to the test however, as grain transportation and storage facilities have been damaged by the excessive rainfall.
Foreign Countries' Policies and Programs
Situation and Outlook: Commentary and Current Data
Historical Data Tables:
General Footnotes for Grain Tables
Grain and Feed Contact List
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