Miller Magazine Issue 137 May 2021

95 Country Profile MILLER / may 2021 of corn and soybean meal in animal feed rations in favor of feed wheat. In April, FAS USDA estimat- ed China's corn imports for 2020/21 at 28 MMT (April WASDE at 24 MMT). 2021/22 Chinese corn imports are seen much lower by FAS USDA at 15 MMT. Before the news about change of pigs’ diet, AgResource saw Chinese corn imports growing to up to 40 MMT per year in the coming years, due to the rebuilding of the country’s pig herd. Europe, Egypt should preserve the level of Ukrainian corn purchases, while Turkey and Iran could increase on lower local crops. BARLEY Ukrainian Ministry of Agriculture sees barley crop 2021 at 9.5 MMT vs. 7.76 MMT in 2020 (lately other analysts increased 2020 figure); UGA at 8.2 MMT vs. 9 MMT LY; FAS USDA at 8.2 MMT. Barley export is seen by most market participants at 4.1-4.2 MMT. China will stay the major buyer of Ukrainian barley in the new season. Herewith, competition with French and Canadian barley becomes tougher. Saudi Arabia switches more and more to Australian and Russian barley. Tunisia, Libya, Algeria could decrease pur- chases on expectations of higher local crops.

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