日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Record corn crop unlikely to meet demand

Updated: 2011-11-04 10:21

By Jeff Wilson (China Daily)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

Record corn crop unlikely to meet demand

Farmers in Shenyang, Liaoning province, harvest the corn crop. The country's demand for corn has risen 50 percent since 2000 while the harvest grew by 38 percent. [Photo/ China Daily]

CHICAGO - China reaped its seventh record corn crop in eight years during the harvest now ending. That still won't be enough to meet demand, driving a fivefold gain in imports as prices head for the highest-ever annual average.

Production reached 189.2 million tons in the harvest that began in September, which was 6.7 percent more than a year earlier, according to a survey of growers in the seven main producing regions carried out by Geneva-based SGS SA for Bloomberg. Imports in the marketing year that began last month may jump to 5 million tons from 1 million tons, according to the median estimate of 10 analysts and traders surveyed by Bloomberg.

While the supply predicted in the SGS survey would exceed the estimates of the US Department of Agriculture (USDA) by more than 7 million tons, rising imports show that farmers are failing to grow enough grain for livestock feed. The fivefold expansion in China's economy in the past decade reported by the World Bank has spurred a change in diets. The dairy herd has almost tripled since 2000, and per capita pork consumption rose 26 percent in the nation of 1.34 billion people, USDA estimates show.

"It's an amazing crop, but demand is just too strong," said Dan Cekander, director of research at Newedge USA LLC in Chicago, who toured cornfields in Jilin Province, the top grower, during September. "Everybody has been projecting a record crop, and yet domestic prices are historically high, and the Chinese government just bought US corn."

Corn futures on the Chicago Board of Trade rose 2.3 percent to $6.4325 a bushel this year and averaged $6.90, heading for the highest-ever annual figure.

The grain will probably reach $7.25 in the first quarter, Cekander said. Prices in Jilin jumped 17 percent and touched a record 2,430 yuan a ton ($9.67 a bushel) on Sept 19, according to Shanghai JC Intelligence Co, the nation's biggest independent agricultural researcher.

On Oct 13, the USDA announced that China bought 900,000 tons of corn, the most since a 1.45 million-ton purchase in 1994.

Corn outperformed this year's 14 percent drop in the Standard & Poor's GSCI Agriculture Index of eight commodities and the 8.2 percent decline in the MSCI All-Country World Index of equities. Treasuries returned 8.8 percent, Bank of America Corp indexes show.

Chinese demand has risen 50 percent since 2000 as output gained by 38 percent, according to USDA data. Only the US grows and uses more. China, which became a net importer for the first time in 14 years in 2010, is "entering a golden age for consumption," Morgan Stanley analysts led by Hussein Allidina said in a report Oct 25.

Bloomberg News

主站蜘蛛池模板: 国产精品久久久久久无人区 | 黄色av网址在线观看 | 手机看片日韩日韩 | 天天色综合色 | 91大片在线观看 | 欧美三级欧美成人高清 | 国产一区二区视频免费观看 | 国产精品福利一区 | 一区二区三区四区在线视频 | 综合久久久久综合 | 中文字幕6 | 天天精品综合 | 国产另类精品 | 99这里只有 | 毛片大全免费看 | 色婷婷一区 | 九色视频偷拍少妇的秘密 | 欧美国产中文字幕 | 国产精品高清在线观看 | 午夜精品久久久久久久蜜桃 | 天天做夜夜爱爱爱 | 国产日韩欧美大片 | 91社在线| 欧美另类xxxx野战 | 亚洲黄色视屏 | 亚洲综合影视 | 男女污污网站 | 中文字幕精品视频在线观看 | 欧美一级大片免费看 | 久久精品综合 | 午夜视频在线观看一区 | 国产青青 | 久久国产精品网站 | 成人在线免费观看网址 | 精品日韩在线播放 | 快点使劲对白露脸叫床 | 日韩精品久久久久久免费 | 91成人在线免费观看 | 久久成人综合网 | 黄色一级视频免费 | 成年人在线免费 |