China: Grain and Feed Update
Link to report:
China’s MY2020/21 feed and residual use for all coarse grains and feed-quality wheat and rice are estimated to increase to 249.9 million metric tons (MMT), up 15.6 MMT from the previous marketing year due to forecast recovery of swine production and an overall growth in feed demand. Corn production is down slightly by 100,000 metric tons from MY2019/20. China’s import demand for corn is forecast to remain strong in the coming months, though some of the demand will be mitigated by an increased use of sorghum, barley, and old rice and wheat stocks in feed rations.
