Corn Imports by China Seen More Than Doubling to Cap Prices
This article is for subscribers only.
China, the second-largest corn user, may more than double purchases to a record as it seeks to boost stockpiles and cool the fastest inflation in three years.
The country will probably buy 5 million metric tons this year from about 2 million tons in 2010, said Abdolreza Abbassian, senior economist at the United Nations’ Food & Agriculture Organization. That would top the 4.3 million tons in the year ended September 1995, according to U.S. government data.