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Less Hogs Hurts Taiwan's Corn Demand
WASHINGTON - May 6/07 - SNS -- Taiwanese corn imports are down this season on account of a smaller hog production sector, reports the U.S. agricultural attache for the country.
Low domestic prices and high world corn markets has inspired hog producers to reduce output, with should see total corn imports decline in 2006-07 from 4.96 to 4.85 million metric tons (MT) and possibly further to around 4.8 million MT in 2007-08.
In March, Taiwan agricultural authorities tried to boost hog prices by encouraging farmers to cull 50,000 head of piglets and 20,000 head of sows to reduce supply. The hog culling projects were implemented in early April.
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