China: Grain and Feed Annual
On March 28, 2016, the government announced an end to the floor price for corn. The resulting fall in corn prices following this announcement is still rippling throughout China’s agricultural sector. MY 2016/17 corn production is forecast to fall, while wheat and rice production are expected to remain strong. Imports of feed ingredients, such as sorghum, barley, and DDGS, will be the most immediate casualty of this policy change.
