China: Grain and Feed Update
Link to report:
Post forecasts China's MY2023/24 grain feed and residual use to increase slightly and corn production also slightly higher due to a larger planted area and improved yields. Sources report there is active interest in alternative domestic and imported grains free from tariff rate quota (TRQ) requirements as a replacement for corn in feed rations. The production impact of the summer’s typhoons is limited. The forecast of milled rice production remains unchanged despite high temperatures and typhoon damage in some regions which was offset by increased precipitation in arid southern areas.
