The US Department of Agriculture (USDA) has announced the export sale of 115,000 metric tons (4.5 million bushels) of US corn (maize) to China.

Despite strong production gains as a result of market-based reforms instituted 30 years ago, according to the US Grains Council (USGC), the rapid growth of China's agricultural output has begun to be outpaced by demand.

The convergence of China's demand and production, in conjunction with their dramatic economic growth, has likely encouraged China to open their markets to corn imports.

"For the past 30 years, the US Grains Council has had a presence in China, working with local producers, feed millers and manufacturers to demonstrate the value and cost effectiveness of US corn and their co-products," said Rick Fruth, USGC chairman and Ohio corn farmer.

Source: www.schednet.com