Railway Freight Rates Adjustment Has Less Influences on Corn Market

By CnAgri2014-02-21 14:15:17 Print Corn: On Feb. 19th 2014, the average wholesale price of feed corn in main production areas is RMB2,332Yuan/MT, up 0.12% compared with last week. After Spring Festival, corn transactions started gradually in ports and price saw little change. Since Feb. 15th, rail freight fee would rise, which no doubt would increase costs of transporting grains from the north to south. But as buyers and sellers are locked to each other, it decreases risk of price fluctuation. Supported by temporary reserve, price in the north ports is hard to decline. So BOABC predicts domestic corn price shall keep stable with no obvious change. (Table 1)



From “China Livestock and Feed Market Weekly Report”