World Grain - August 2010 - 19

newsreview
JCI chairman sees China corn demand soaring
BOSTON, MASSACHUSETTS, U.S.
- The chairman and chief consultant of
Shanghai JC Intelligence Co. Ltd. (JCI)
said on July 19 that his organization anticipates that China will import some 1.7
million tonnes of corn this year, 5.8 million
tonnes next year and as much as 15 million
tonnes in 2014-15.
Speaking through a translator, JCI's Hanver Li told those at the U.S. Grains Council's 50th Annual Board of Delegates meeting that demand for corn in China is simply
outstripping the country's production trend.
China's economy continues to grow, he
explained, which is driving an increase in
demand for meat, milk and eggs because, as
incomes rise, food is one of the first items
people look to buy.
To answer the question about why
China imported U.S. corn this year, Li explained there is simply a short supply in
China right now due to production shortfalls driven by poor weather, but demand
has remained strong. He said prices have

Jackie Loewer elected USA Rice
Federation chairman
DALLAS, TEXAS, U.S. - At its board of
directors meeting July 12, the USA Rice
Federation elected Paul "Jackie" Loewer,
Jr. chairman. Loewer, a rice farmer from
Branch, Louisiana, U.S., is chairman of
the Louisiana Rice Producers' Group. He
is past chairman of the USA Rice Producers' Group.
"Jackie is a well known and highly respected leader within the rice industry,
and will serve the USA Rice membership
well," said USA Rice Producers' Group
Chairman Frank Rehermann in making the
nomination.
Loewer was elected unanimously. He
will serve a two-year term which began
Aug. 1.
Also at the meeting, outgoing chairman
Jamie Warshaw was recognized for his
service. In presenting a commemorative
plaque to Warshaw, chairman-elect Loewer thanked him for his leadership, which
he credited with guiding the organization
to many successes.
"Jamie has managed to keep the disparate group together and even added to it,"
Loewer said. "He has led us to victories
in promotion, policy and politics, and has
given us vision for even greater things in
the future."

er of U.S. DDGS this year, buying some 1.5
million tonnes. JCI estimates imports of 1.5
million tonnes to 1.8 million tonnes.
Li said imports of U.S. corn and higher
local prices for corn and wheat indicates
that "we have gotten to the turning point"
- the point where China will become a
regular importer of corn.

moved up and the amount of corn in storage has fallen - and JCI believes there is
less corn on hand than the government's
official estimates.
This also explains why China's imports
of U.S. distiller's dried grains with solubles
(DDGS) have grown so quickly, he said.
China is on pace to become the largest buy-

IVA

Save money
.t om

(

i4''

;., y

.
,'

�
' :'

� '{d

�p V ,

^T'.

,�r

. rywR

m
i n,

and improve quality
e'

11 .. an�

Use superior analyzers
Perten Instruments On-line, NIR, RVA, Falling Number and
dough analyzers save money. Our instruments allow you
to measure quality traits and functional properties, improving
proﬁtability while increasing quality.
Save with:
* NIR for intake, at-line and on-line
* Representative and accurate analyses
* Optimal use of your ingredients
Used by leading companies all around the
world. Read more at www.perten.com

DA 7300 On-Line

www.perten.com
For more information, see Page 90.

www.World-Grain.com / World Grain / August 2010

http://www.perten.com http://www.perten.com http://www.World-Grain.com

World Grain - August 2010

Table of Contents for the Digital Edition of World Grain - August 2010