China's compound feed companies looking for raw materials

China expects a corn harvest of approx. 266.5 million tons this year. But that is not enough to meet national needs. The Ministry of Agriculture in Beijing expects stocks of only 16.7 million tons at the end of the fiscal year on June 30, 2021.
Analysts and traders estimate that the deficit between production and consumption could be up to 30 million tons. The import quota of seven million tons is therefore not at all sufficient. So far, however, China has never imported such a large amount of corn.
If the government in Beijing does not increase the import quota, there is a risk of a dramatic shortage of corn. The only way to compensate for this is by importing maize or other feed raw materials such as millet or barley.
In all probability, however, China will do everything in its power to meet its corn import quota. Maybe it will be 10 million tons.
In China, feed manufacturers use almost 200 million tons of corn annually to produce feed for pig and poultry fattening. If things got tight now, they would probably also import more wheat. The use of feed wheat is estimated at 20 million tons this season.

Hansa Terminhandel GmbH
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