Date: 2024-10-19 Page is: DBtxt003.php txt00025450
AGRICULTURE
CORN ... USA, CHINA AND BRAZIL
Wall Street Journal: Why China’s Economy Doesn’t Want American Corn Anymore | WSJ U.S. vs. China
CORN ... USA, CHINA AND BRAZIL
Wall Street Journal: Why China’s Economy Doesn’t Want American Corn Anymore | WSJ U.S. vs. China
Original article: https://www.youtube.com/watch?v=YPUj0sFEfxU
Peter Burgess COMMENTARY
Peter Burgess
Wall Street Journal
4.64M subscribers ... 1.1M views ... 11K likes
1 month ago
#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. …
3,096 Comments
@wendellreis4338 @wendellreis4338 1 month ago (edited)
As a Brazilian guy let me explain to you what´s happening. Brazil has a large and diversified source of fertilizers, so there is not dependence on Russian or other country on that matter. Corn crops require almost nothing of labour force, hence the low minimum wage do not explain its competitiveness. What explain the Brazilian competitiveness is climate factors(two harvests a year), long tradition on commodity, improvement in infrastructure, high value of Dollar compared to the Real(Brazilian currency) and subsidies from Goverment to buy brand new equipments and machinery. On top of that, China and US have been brewing a Cold War and others parts of the world will reap the benefits of it. As simple as that.
Transcript
China’s corn demand
- [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.
CUT ///
Brazil