Developing countries should limit their reliance on international trade to ensure they had enough food and be able to put in place measures to beef up their own production and insulate themselves from global price shocks.
China will likely import 3.0 million tonnes of corn in the 2011/12 market year, more than triple the amount it took in 2010/11 (USDA). As Chinese consumers eat more meat, China’s corn imports are likely to evolve along the trajectory of its soybean imports, which have risen fourfold in the past decade. Because of rapid, highly polluting industrialization and other development, China’s progressively diminishing arable land and clean water base is already almost fully utilized.
The U.S. and Argentina are the largest global corn exporters, respectively, and are well situated to capitalize on Chinese consumers’ growing taste for corn-intensive meat....
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