Date: 2024-10-19 Page is: DBtxt003.php txt00025426
GLOBAL TRADE
CORN
Why China’s Economy Doesn’t Want American Corn Anymore | WSJ U.S. vs. China
CORN
Why China’s Economy Doesn’t Want American Corn Anymore | WSJ U.S. vs. China
Original article:
Peter Burgess COMMENTARY
Peter Burgess
Wall Street Journal
Jul 24, 2023
4.63M subscribers ... 1,168,553 views ... 11K likes
#WSJ #China #Food
The U.S. produces more corn than any other crop, with American farmers selling $5.3 billion of it to China last year. But China has spent years courting other producers as it is relying more on Brazil and other Latin American countries. China is also exploring ways to become self-sufficient long-term through embracing new technology and better farming education.
WSJ explains why growing its own grains has been such a struggle for China and how it has been trying to wean itself off of its reliance on U.S. corn production.
- 0:00 China’s corn demand
- 1:01 China’s struggles
- 2:57 International partnerships
- 5:59 Self-sufficiency
#China #Food #WSJ
TRAANSCRIPT
- [Narrator] China imported over $5 billion of U.S. corn last year even though it's the world's second largest producer of the crop.
The world's top producer is the U.S.
And most of the corn these countries are producing isn't even eaten by people.
About 75% of China's corn and 40% of the U.S.' is used for animal feed.
Livestock get fatter when they're fed corn, and China's growing middle class is eating more and more meat. China now needs about 250 million metric tons of corn per year.
So much corn that it has to import millions of tons from other countries. And now China has begun working to cut its reliance on foreign corn, particularly from the U.S.