Sep 08, 2020

Typhoons Flatten China's Northeast Grain Region

Country may have a 25M tonne corn-supply deficit by next year

source: South China Morning Post

Concerns are mounting over the sufficiency of China’s grain supply after three typhoons hit the country’s main corn-growing region in quick succession over the past two weeks, flattening crops and pushing corn prices to their highest level in five years, reports the South China Morning Post.

The full extent of the storms’ impact on this year’s corn harvest is not yet known, but some analysts say the natural disasters in the northeastern corn region could lead to a drop in output in Heilongjiang and Jilin – two major corn-producing provinces.

Last year, China had a corn-supply deficit of 17 million tonnes that could expand to 25 million tonnes between this year and next, which must be covered either by imports or new stocks.

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Magazine

Marketwatch: Dec, 06

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