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As corn prices surge, China substitutes wheat, rice as feed
May 20, 2021
Beijing also begins diversifying suppliers as part of its efforts to hike hog output
With corn (maize) prices rising to an eight-year high in the global market, Chinese grain importers are diversifying their suppliers.. More importantly, they are substituting the feed grain with wheat and rice.
However, this trend may be short-lived since the prices are expected to stabilise over the next few months before heading lower.
The US Department of Agriculture’s Foreign Agricultural Service Post in China reported that the substitution rate of wheat is as high as 30 per cent. The post based its report on the proceedings at the China Feed Industry Expo and Conference in Chongqing last month. ....

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