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| Influence of maize substitutes import on domestic maize market |
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| DOI：10.16768/j.issn.1004-874X.2016.11.025 |
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| Abstract: |
| In recent years，the import quantities of substitutes of maize，barley，sorghum and DDGS，are
surging. One of the reason is that the difference in price between substitutes import and domestic maize，the other
one is that the import quotas don’t cover the substitutes. Feed processing enterprises actively adjust formula to save
production cost，which boosts the utilization of substitutes. This paper studied the influence of substitutes import on
domestic maize market，including the domestic price，demand and supply for maize，through establishment of partial
equilibrium model. The results showed that the import prices of substitutes had remarkable positive influence on feed
demand for maize and import quantity of substitutes had inconspicuously negative influence on feed demand for maize.
The import of substitutes showsed a indirect influence，through affecting the feed demand for maize，on the domestic
price of maize. |
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