According to analysts, despite the fact that the projected rate will be equivalent to 40% of world corn stocks, it is 28% inferior to the level of the previous season.

Sown area of corn in China this year is expected to decline by 1.8 million hectares to 35 million hectares, which is caused by the increase of sowing areas of other crops, primarily soybeans. According to preliminary estimates of the Ministry of agriculture of China, the corn crop in the country next MG will be reduced by 20 million tons per year.

Is also a growing demand for grain from the livestock sector of the country. In addition, for the implementation of the government's plans to manufacture 12 million tonnes of ethanol per year (by 2020) will require approximately 36 million tons of corn as raw materials.

Thus, analysts do not exclude further reduction of grain stocks in the country.

Photo: uhoha.ru