date:Jul 04, 2013
oost feed use
China is also expected to consume 120 mmt of wheat in 2013-14, Fu said. Food use stays fairly steady, increasing incrementally each year, and is expected at 89 mmt. Price-sensitive feed usage tends to fluctuate more as the wheat-corn spread changes.
In 2010-11, corn prices were higher than wheat prices, and 26 mmt (955 mb) of wheat was used for feed. Feed consumption decreased to 20 mmt (734 mb) the following year as corn prices softened.
Feed consumption will be 16 million tons