Market Research Report on China Corn Industry [2015-2019]

Dec., 16, 2015, Mumbai, India: Market Reports on China presents the report, on “Market Research Report on China Corn Industry [2015-2019]”. In recent years, the demand for corn in China stays at a high level as farming and industrial demand increases.

According to official statistics, Chinas corn yield in 2014 was 215.65 million tons, decreasing about 1.3% compared with last year. "http://www.marketreportsonchina.com/food-beverages-market-research-reports-1195/research-china-corn.html" Corn has become Chinas most important variety of food crop. As regard to corn consumption, only about one third is eaten directly while the rest is used as fodder or industrial material. Macro-economic situation exerts greater influence on corn than on such rations as wheat and rice. In recent years, the demand for corn in China stays at a high level as farming and industrial demand increases.

Most of corn products are primary products whose additional value is low. Another problem in corn processing industry is the excess capacity of primary products especially starch and edible alcohol as well as low operating rate. Besides, as the competition among small enterprises is fierce, the whole industry awaits further integration.

In recent years, with the implementation of the minimum purchase price policy for grain and the increase in planting cost, corn price has gone up gradually. As the market price of corn kept rising in 2009, the corn acreage expanded in 2010.

Chinas corn import increased from 1,000 tons in 2003 to 5.208 million tons in 2012 i.e. increased by over 5,000 times in a decade, which was rarely seen even in the whole world. China remained the net exporter of corn before 2010. But since 2009, as corn yield dropped and domestic demand for corn increased as a result of the drought, China fastened its corn import and has become the net importer of corn since 2010. In 2012, 5.2074 million tons of corn was imported into China with a year-on-year growth of 197.08%,...