AIRLINK 74.56 Increased By ▲ 0.31 (0.42%)
BOP 5.04 Decreased By ▼ -0.01 (-0.2%)
CNERGY 4.51 Increased By ▲ 0.09 (2.04%)
DFML 37.77 Increased By ▲ 1.93 (5.39%)
DGKC 90.97 Increased By ▲ 2.97 (3.38%)
FCCL 22.60 Increased By ▲ 0.40 (1.8%)
FFBL 32.66 Decreased By ▼ -0.06 (-0.18%)
FFL 9.75 Decreased By ▼ -0.04 (-0.41%)
GGL 10.98 Increased By ▲ 0.18 (1.67%)
HBL 115.90 No Change ▼ 0.00 (0%)
HUBC 136.25 Increased By ▲ 0.41 (0.3%)
HUMNL 10.15 Increased By ▲ 0.31 (3.15%)
KEL 4.62 Increased By ▲ 0.01 (0.22%)
KOSM 5.06 Increased By ▲ 0.40 (8.58%)
MLCF 40.41 Increased By ▲ 0.53 (1.33%)
OGDC 138.00 Increased By ▲ 0.10 (0.07%)
PAEL 27.62 Increased By ▲ 1.19 (4.5%)
PIAA 24.49 Decreased By ▼ -1.79 (-6.81%)
PIBTL 6.74 Decreased By ▼ -0.02 (-0.3%)
PPL 123.10 Increased By ▲ 0.20 (0.16%)
PRL 27.02 Increased By ▲ 0.33 (1.24%)
PTC 14.05 Increased By ▲ 0.05 (0.36%)
SEARL 58.86 Increased By ▲ 0.16 (0.27%)
SNGP 70.19 Decreased By ▼ -0.21 (-0.3%)
SSGC 10.37 Increased By ▲ 0.01 (0.1%)
TELE 8.58 Increased By ▲ 0.02 (0.23%)
TPLP 11.20 Decreased By ▼ -0.18 (-1.58%)
TRG 64.62 Increased By ▲ 0.39 (0.61%)
UNITY 26.55 Increased By ▲ 0.50 (1.92%)
WTL 1.40 Increased By ▲ 0.02 (1.45%)
BR100 7,858 Increased By 19.6 (0.25%)
BR30 25,581 Increased By 121.1 (0.48%)
KSE100 75,195 Increased By 264.2 (0.35%)
KSE30 24,177 Increased By 31.4 (0.13%)

imageBEIJING: China, the world's second-largest corn consumer, has allowed imports of the grain from Brazil from the start of this month, Chinese quarantine authorities said on Tuesday.

The government of Brazil, the world's No. 2 corn exporter, flagged the move late last year, but the start date was not revealed at that time.

China mainly imports corn from United States, but shipments from the country have been curbed after officials turned away about 1 million tonnes due to the presence of an unapproved genetically-modified strain.

In the wake of the rejections, it has stepped up imports from Ukraine.

Argentina, Peru, Thailand and Laos are the other nations approved to ship corn to China.

"China is adding more supply origins to meet growing demand in the long term," said an industry analyst with an official think-tank.

"Brazilian supplies can be very competitive with those from the United States." China's own production cannot meet its consumption growth, with a rising population and rapid urbanization increasing demand for protein-rich food.

Brazil is expected to export 20 million tonnes of corn in the 2013/14 marketing year, second only to the United States, according to estimate by the US Department of Agriculture (USDA).

Comments

Comments are closed.