China imports of U.S. DDGS surge; drought hits crop

bonderic

PUBLICATION DATE:  09/07/2009SOURCE:  Reuters
China's imports of U.S. DDGS, a by-product of corn ethanol, have surged and the pace is expected to remain strong this year as long as U.S. corn prices remain significantly below that of Chinese corn, industry officials said. China's own corn production has suffered from the most severe drought in half a century, while the United States is expecting its largest ever corn harvest this year, they said.
Some Chinese importers were already shipping distillers' dried grains with solubles (DDGS), also a feed ingredient, in large volume or bulk cargoes, in addition to small quantities in containers, Cary B. Sifferath, China Country Director of U.S. Grains Council, told Reuters.
He expects U.S. exports to China in 2009 could potentially reach 400,000 metric tons. Exports so far have reached about 150,000 metric tons, more than 18 times the 8,000 metric tons exported in all of 2008.
"U.S. corn prices and DDGS since June have come down.... With corn prices here in China increasing, it made U.S. DDGS prices very attractive, especially in the southern Chinese market," said Sifferath on the sidelines of a feed ingredient conference over the weekend.
"Some bulk shipments have already happened, and we will see more bulk shipments loaded in September."
Drought in China's major northeast could hurt the country's corn harvest and likely reduce output by 20 million metric tons to 145 million metric tons, according to the forecast by China Shanghai JC Intelligence Co., Ltd, a private consulting firm.
"The quality is pretty good and stable with a higher protein and fat content. It gives a price advantage by replacing some usage of soymeal and corn," said one official with a major feed mill in Shandong, which has recently bought U.S. DDGS.
U.S. DDGS was about 27 percent cheaper than domestic products, which was also lower in protein content.
China's corn prices were supported by Beijing's stockpiling, and recent worries over the drought damage in the northeast have pushed up physical corn prices by 5 percent over the past month.
U.S. corn fell more than 3 percent to an eight-month low in anticipation of a better U.S. corn harvest

[ts]bonderic 于 2009-9-9 20:17 补充以下内容[/ts]

看了这篇报道让我更了解为什么今年会有大批美国的DDGS进入我国市场。千万不要搞到像当年美国大豆进入我国市场的时候，一步步地蚕食我国的大豆市场。

纪明科

有些东西个人改变不了呀！！！！！！！！1

矮子

有便宜和货真价实的进口DDGS不买，去买假冒伪劣的国产DDGS，是不是有点不正常？？？

国内产家也应该思考诚信和公平竞争的含义，免得让农民用嘴去尝农药的药量足不足！！！