Corn Price in NE is Strongly Supported

By CnAgri2013-12-10 11:10:22 Print Corn：On Dec. 4th, 2013, the average wholesale price of feed corn in main production areas is RMB2,368Yuan/MT, up 0.08% compared with last week. With actual implementation of corn protective procurement and transportation policy in NE, corn price in NE market gets strong support, leading farmers in many areas unwilling to sell especially areas with good quality corn. But the policy stipulates that if the corn price is RMB0.05Yuan/jin or more than protective procurement price, Central Government will stop the subsidy, which restrains corn price increase in NE. In inside Shanhaiguan, however, the corn market is facing certain pressure, regional difference is more significant. In southern ports, pressure from imported corn has not released or the arrival is not great as expected, but it enters busy season in downstream, which is favorable for corn consumption and brings certain supports to current corn market. (Table 2)



From “China Livestock and Feed Market Weekly Report”