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Grain: World Markets and Trade
Foreign Agricultural Service Circular Series
FG 04-04
April 2004
Asian Corn Markets Scramble
As China Retreats
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China’s retreat from large corn exports has forced its traditional customers to seek alternative suppliers. Malaysia, Indonesia, and South Korea, which together sourced 87 percent of their 13 million ton imports from China in 2002/03, are turning to the United States and minor exporters. U.S. sales to these destinations have soared compared to the same period a year ago. However, high trans-Pacific freight rates have kept the United States from capturing an even larger market share in Asia, where exporters such as Thailand, Vietnam, and India are expanding sales due to larger-than-expected exportable supplies. An Avian Influenza-induced drop in feed demand in Thailand and Vietnam has allowed more corn to go into export channels. India’s record crop has reduced prices, making its exports more attractive in the absence of Chinese offers. All combined, exports from these countries are expected to more than quadruple to 750,000 tons. |
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Complete Grain Report in PDF: Text and Tables
Wheat Commentary [Text] [Adobe Acrobat Format] Wheat Data Tables [Excel Spreadsheet Format] [Adobe Acrobat Format] Rice Commentary [Text] [Adobe Acrobat Format] Rice Data Tables [Excel Spreadsheet Format] [Adobe Acrobat Format] Coarse Grains Commentary [Text] [Adobe Acrobat Format] Coarse Grains Data Tables Excel Spreadsheet Format] [Adobe Acrobat Format]
Beginning January 2004, printed versions of the Grain: World Markets and Trade circular are no longer published. The online issue of the circular, which includes Summary Tables, Situation and Outlook reports, and Historical Data Series for Selected Regions and Countries, is available via the FAS Web site (http://www.fas.usda.gov/grain/).
Contact List
Data in this report is available in both Adobe Acrobat and Excel spreadsheet formats. You may need to Get the Adobe Acrobat Reader.
Last modified: Thursday, November 13, 2003
