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China corn for ethanol 16 mln tons in 2006; well over 3 mln ceiling - report
04.09.07, 11:34 PM ET



BEIJING (XFN-ASIA) - Industrial demand for corn is increasing due to rising ethanol production, with up to 16 mln tons being converted to biofuel, well over the official ceiling of 3 mln, the official Xinhua news agency reported.

Corn production was 144 mln tons in 2006 and is expected to hit 150 ml tons by 2010, the news agency said, citing a director with the Agriculture Ministry's grain production division, Chen Mengshan.

The ministry fears that the increasing use of corn for ethanol will exert upward pressure on prices, Xinhua said.

About 68 pct of corn produced is used as fodder and 25 pct in industrial production, mainly for ethanol and starch. Seven pct is consumed as food, the agency said.

fergus.naughton@xinhuafinance.com

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