date:May 10, 2013
cause of record domestic production, Abdolreza Abbassian, senior economist for the FAO, told China Daily.
China's corn imports are expected to fall to 3.5 million tons, down 33 percent compared to the 2011-12 marketing year, which runs October to September for the crop, according to the report. This is seen as mainly a reaction to significantly raised corn prices due to drought in the US.
US corn exports have been in decline since the 2009-10 marketing season. By 2012, the US lost out to Brazi