The U.S. Grains Council reports that sorghum sales to China have surged in the current 2013-2014 marketing year that began September 1, 2013. That’s up from zero last year to more than 62.9 million bushels of combined exports and outstanding sales this year through January 24.
U.S. sorghum exports and outstanding sales to Japan also are up this year from 3.6 million bushels last year to 10.6 million bushels this year.
China provides a new opportunity for U.S. sorghum sales partly because of access barriers to U.S. corn in China. Although China’s domestic corn prices are well above world market levels, biotechnology issues and tariff rate quotas have limited importation of U.S. corn.
The Council says that in spite of an excellent domestic corn harvest in 2013, China’s total feed demand exceeds domestic availability.
via USAgNet.com – National/World News – U.S. Sorghum Sales to China Surge.