China continues to stockpile large amounts of grain and corn, tightening supply and inflating prices amid global food security concerns following Russia’s invasion of Ukraine.
In March 2022, Ukraine exported just 1.1 million tons of corn, with about 400,000 tons going to China. In comparison, corn exports totaled 2.6 million tons a year ago, with nearly half of that volume going to China, according to a U.S. Department of Agriculture (USDA) report released Sunday.
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