March 2000 Edition
Asian* Corn Imports Rebound
as China Revs up Export Program
Corn imports in the Asian markets are estimated to rebound to near the levels reached prior to the financial crisis. Imports by these countries are expected to grow nearly 6 percent (1.9 million tons) in 1999/2000. Production is estimated at levels similar to five years ago, leaving these countries heavily dependent on imports to fuel rising feed demand. South Korea's compound feed production is forecast to increase 2 percent over last year's level. Also in South Korea, lower corn prices and reduced availability of feed quality wheat is encouraging more corn to be used in feed rations.
U.S. corn benefited greatly from China's absence as a major exporter in the Asian market in the mid-nineties, capturing over 70 percent market share. However, the U.S. now faces renewed competition from China and the U.S. market share is expected to drop sharply during 1999/2000. The negative impact on U.S. exports, however, will be somewhat softened by rebounding imports.
All Grain Summary Tables: Foreign Countries and US Data
Foreign Countries' Policies and Programs
Situation and Outlook: Commentary and Current Data
Historical Data Tables: Selected Regions and Countries
General Footnotes for Grain Tables
Grain and Feed Contact List
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