Grain: World Markets and Trade
Foreign Agricultural Service Circular Series
Asian Corn Markets Scramble
As China Retreats
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.
Complete Grain Report in PDF: Text and Tables
All Grain Summary Tables: Foreign Countries and US Data
International Market Analysis:
World Markets and Trade: Commentary and Current Data
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]
Historical Data Tables: Selected Regions and Countries
Notice to readers:
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/).
General Footnotes for Grain Tables
Grain and Feed 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