Price of Corn Affected by Corn Storage Policy

By CnAgri2012-11-15 10:36:35 Print     On Nov 14, 2012, the average wholesale price of feed corn in main production areas is RMB2,375Yuan/MT, up 0.31% compared with last week. the long-expected corn storage policy finally came out and GB 3rd temporary storage prices in Inner Mongolia and Liaoning, Jilin and Heilongjiang were RMB1.07Yuan/Jin, RMB1.06Yuan/Jin, RMB1.05Yuan/Jin respectively. the standard of temporary storage water deduction amount was 1:1.06. this policy will reduce the bottom price space and it is expected that domestic corn market price shall be in the bottom course and even recover slightly with the snowy weather in the NC. (Table 1)



From “China Livestock and Feed Market Weekly Report”