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Accession Number
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PB2012-114753
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Title
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China's Market for Distillers Dried Grains and the Key Influences on Its Longer Run Potential.
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Publication Date
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Aug 2012
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Media Count
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25p
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Personal Author
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F. Gale M. Jewison
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Abstract
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The expansion of corn-based ethanol production in the United States yields a large volume of residual co-products called distillers dried grain with solubles (DDGS). Most DDGS are utilized in the domestic U.S. market, but Chinese importers seeking raw materials for animal feed have emerged as a significant export market. High feed prices and favorable tax treatment within China stimulated a surge of imports of U.S. DDGS during 2009-11. China's potential demand for U.S. DDGS depends on various factors that include the price of corn, Chinese policy, and the availability and price of other substitute feed ingredients, such as the byproducts of grain processing in China (residual products from alcohol production). Demand is robust, but slower growth in the U.S. supply of DDGS and uncertainties about Chinese policy may constrain growth in exports to China.
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Keywords
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Agricultural economics
China
Corn
Distillers dried grains with solubles (DDGS)
Ethanol
Exports
Food processing
Grains (Food)
Imports
Market
Prices
Supply and demand
Taxes
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Source Agency
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Economic Research Service
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NTIS Subject Category
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98B - Agricultural Economics
98H - Food Technology
96C - International Commerce, Marketing, & Economics
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Corporate Author
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Economic Research Service, Washington, DC.
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Document Type
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Technical report
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Title Note
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N/A
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NTIS Issue Number
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1226
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Contract Number
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N/A
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