Influence of Chinese Multinational Imported Corn Strategy on Corn Price

By CnAgri2012-11-29 10:30:59 Print     Corn: On Nov 28, 2012, the average wholesale price of feed corn in main production areas is RMB2,397Yuan/MT, up 0.38% compared with last week. According to market news, Ukraine has negotiated with many Chinese enterprises about corn imports since November and for the first time Argentina corn was on Chinese imported corn list as shown on customs data in October, which both indicated that our multinational imported corn strategy was on the way. Corn from the NC will still have superiority to balance demand and supply before NE corn is batch listed. Domestic corn market is predicted to weaken steadily. (Table 1)

    

From “China Livestock and Feed Market Weekly Report”