China May Become Top Corn Importer by 2014, Displacing Japan
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China may displace Japan as the world’s largest corn importer as early as 2014, as demand for meat and feed grains expands along with its middle class, the U.S. Grains Council said.
“It could be a matter of two to three years,” Thomas Dorr, president of the council, said in an interview. “China has more than 4 million tons booked and delivered already.” Japan bought 15.3 million metric tons last year, according to the country’s agriculture ministry.