China May Up Corn Imports Fivefold In 2011

Posted by Nogger - a legend in his own mind at 11:02 | Categorized as

16/12/10 -- An article on Bloomberg today here quotes the US Grains Council saying that China may import five times as much corn in 2011 as it did in 2010. Talk about talking your own book? Let me say right here and now that I may get reconciled with MrsN#1 in 2011 also. And Elvis may work in the local chip shop.

China were of course supposed to be buying corn like it was Boxing Day morning on Oxford Street a month or two ago, currently however the USDA only have them down to import the princely sum of just 1 MMT of the grain in 2010/11. To put that into perspective that is actually less than they imported in 2009/10 and accounts for only 1% of world trade. Peru import more corn than that.

Gotta go, there's a knock at the door. It may be Kylie in those little gold hotpants.