China says major corn imports won’t be necessary to achieve E10 mandate

In China, despite analysts predicting the country will have to boost corn imports but as much as 20 million metric tons per year to satisfy the E10 policy set to come into place by 2020, a top government official responsible for agriculture policy said that significant imports will not be needed. The aim is to reduce the country’s stocks of old season corn, millions of tons of which is inedible. The supply and demand situation for corn isn’t expected to change very much as a result of ethanol blending.