China: Grain and Feed Update
Winter conditions have caused historic snowfall and record-low temperatures across East China. Winter wheat remains in dormancy. The National Development and Reform Commission (NDRC) announced in September 2017 that the TRQ for corn, rice, and wheat is unchanged. The MY2017/18 PSD tables for corn and sorghum reflect tight market conditions due government demand creation programs. The MY2017/18 corn consumption estimate is raised to 242.0 million tons, up 2 million tons from USDA’s January estimate on higher-than-expected FSI use and poor corn quality in the North China Plain. Additionally, PSD tables for wheat and rice are updated due to Belt and Road-related government deals, an uptick in food assistance, and post-harvest loss.
