of a swift increase in demand for corn used for processing, state-run Xinhua
news agency reported Thursday, quoting a senior cabinet analyst.
Council Development Research Center, the cabinet's think tank, was cited as
saying that the balance of supply and demand of corn in China appeared to be
reaching a tipping point, with demand now outpacing supply.
million metric tons annually, he said, speaking at a conference.
swift rise of processing demand, he said at the Bo'ao Forum for Asia.
projected the figure to rise in 2012. The 2011 figure may include bookings that
have not yet been delivered to China, according to Dow Jones Newswires'
assessment of customs data.
corn deficit of around 20 million tons annually.