Abstract
Research Background
China is one of the main producing countries of corn in the world, the
national output stood at 146 million tons in 2006/07 cropping year, and the
acreage enlarged under the influence of high planting returns in 2007. Yield
decreased due to weather conditions in the Northeast in 2007, while yield
improved in other main producing areas in the Yellow River and the Huai River
Valley returns. The total yield is foreseen to keep the same level with
2006/07 cropping yea last year around 146 million tons, making up 20% of the
world total.
Domestic corn consumption takes feed and industrial use as main consumption
channel, amounting to 85% of the total domestic consumption. Corn supply and
demand relation will affect the feed industry and the development of further
corn processing. Whether corn consumption in feed industry greatly affected
the sharp growth of pork price in May, 2007?
China witnessed a fast growth of further processing of corn in 2007. Further
processing of corn starch, corn ethanol, disnatured starch and starch sugar
sustained rapid growths. Competition of corn further processing intensified,
and there were constant occurrence of mergers and reorganizations among
companies. Due to the fast growth in domestic corn ethanol industry China
implemented relevant policies to restrain corn export and corn further
processing.
How shall the supply and demand relation change in 2007? How will the supply
and demand relation affect the feed industry and the development of further
corn processing? Whether the drastic growth of domestic corn consumption will
result to primary changes of the corn supply and demand relation? How will
international corn supply affect the domestic market? How shall the Chinese
corn industry develop in 2008? What shall be the trend of corn further
processing in 2008? How shall the market structure and product structure
change? How shall the Chinese corn further processing market face competition
from the international market? What strategies should a corn further
processing company adopt in order to be a leading player in the industry? ...
ALL these issues should be addressed systematically.
Based on analyzing the national corn market and further processing market in
2007, this report has certain forecasts on the two markets in the future.
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