China Facing Shortages Seeks to Cut Corn and Soymeal Use in Feed
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China, the world’s biggest importer of corn and soybeans, is seeking to reduce their use in livestock feed in an attempt to curb the country’s dependence on foreign supplies, according to an official publication.
The top global pork producer has been buying record amounts of both commodities as demand for animal feed, cooking oil and industrial products outstrips the nation’s ability to produce them. China is tackling the issue by boosting support for farmers, raising productivity and reducing wastage, but demand continues to expand driven by economic growth and affluence.