The Chinese government, according to the report, has encouraged development of industrial corn use over the past decade, and the country now uses almost all the corn it produces and exports manufactured products instead of corn.
The rapid growth of industrial processing of corn makes it difficult to assess
Estimates of corn use from analysts in
The new report describes the recent growth in industrial use of corn in
At first glance, growth in both industrial use and feed use of corn would be expected to raise demand to a level that will soon turn
The rapid rise in processing capacity was encouraged by government policies and outpaced the robust growth in domestic demand for corn-based chemicals, food, and feed additives. Faced with excess capacity, many producers sold their products on the international market, and helped trigger a worldwide boom in imports of industrial corn products. At the same time,
Read the full report from USDA/ERS.