China: Grain and Feed Update
Link to report:
China’s 2020/21 feed and residual use for all coarse grains and feed-quality wheat are estimated to increase 3.2 percent compared to the previous marketing year due to a projected recovery of swine production and strong expansion in the poultry and ruminant sectors. Though typhoons caused heavy damage and extensive lodging in the major corn producing northeastern provinces, the impact on overall production will be limited as storms hit only weeks before harvest and will not result in a total loss. In addition, Fall Army Worm (FAW) impact is less than anticipated resulting in a total decrease in corn production of only 4 percent. While China may rely more on corn imports in the coming marketing year, some of these gains will be mitigated by an increased use of sorghum, barley, and old rice and wheat stocks in feed rations to take the place of record high-priced corn.
