Ukrainian corn to enter China this year
Updated: 2012-11-15 15:41
By ZHOU SIYU (chinadaily.com.cn)
|
|||||||||
China and Ukraine signed a protocol earlier this month, which will allow Ukrainian corn to enter the Chinese market by the end of the year, Mykola Prysiazhniuk, Ukraine's minister of Agrarian Policy, said on Tuesday.
"The protocol allows us to export corn to China," said the minister.
The export potential of Ukrainian corn in the 2012-2013 marketing year is estimated at 12.5 million tons, of which 3 million tons have already been exported, according to Ukrainian official data.
Meanwhile, China released a total import tariff quota of 6 million tons of corn for this year. The quota for the next year will likely reach 8 million tons, according to industry analysts.
During the first eight months of the year, China's corn imports jumped by a staggering 723 percent from a year earlier to 3.73 million tons. Most of the imported corn was from the United States.
"The potential of China as a consumer of grain crops, particularly corn, has been steadily increasing, and Ukraine, along with other major exporters such as Brazil and Argentina, can cover the needs of China in this regard," said Oleg Bakhmatyuk, chairman of the board of UkrLandFarming, the largest agricultural company in Ukraine.
According to ULF, Ukrainian corn is expected to be popular in the Chinese market because its price could be 25 percent lower than US corn and also because it's not genetically modified.
zhousiyu@chinadaily.com.cn
- Relief reaches isolated village
- Rainfall poses new threats to quake-hit region
- Funerals begin for Boston bombing victims
- Quake takeaway from China's Air Force
- Obama celebrates young inventors at science fair
- Earth Day marked around the world
- Volunteer team helping students find sense of normalcy
- Ethnic groups quick to join rescue efforts
Most Viewed
Editor's Picks
Supplies pour into isolated villages |
All-out efforts to save lives |
American abroad |
Industry savior: Big boys' toys |
New commissioner
|
Liaoning: China's oceangoing giant |
Today's Top News
Health new priority for quake zone
Xi meets US top military officer
Japan's boats driven out of Diaoyu
China mulls online shopping legislation
Bird flu death toll rises to 22
Putin appoints new ambassador to China
Japanese ships blocked from Diaoyu Islands
Inspired by Guan, more Chinese pick up golf
US Weekly
Beyond Yao
|
Money power |