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China to become net importer of corn this year
21.09.2010 11:15 "Agro Perspectiva" (Kyiv) —
China will turn from a net exporter of corn to a net importer of the crop this year, said Fei Zhonghai, assistant to the general manager of the COFCO at the Fourth International Corn Industry Conference 2010 on Wednesday.
China imported 600,000 metric tons (tonnes) of corn in January to August, and the ports are expected to see arrivals of 700,000 tonnes more, he said.
The annual imports may come to 1.5 million tonnes in 2010, far higher than the countrys exports, making China a net importer of corn, he added.
An earlier report by the Ministry of Agriculture shows China exported 93,000 tonnes of corn in January to July, up 30.7 per cent. It imported 282,000 tonnes of corn, a 56-fold surge.
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