Business & Finance

Reuters reveals China eyes more corn imports as shipments surge, set to become top buyer

Reuters revealed China’s government is discussing permits for millions of tonnes of additional corn imports over the next year, amid a surge in animal feed demand and after storms and drought damage tightened domestic supplies. A round of new import orders from China would make it the world’s top importer of corn for the first time and likely drive up global prices of corn and other grains. That would amplify food inflation caused by disruptions to global supply chains due to the coronavirus pandemic. 

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Asia
Countries: China
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
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