January 20, 2005

 

 

Sustained Fall In Corn Prices As China, Worldwide Supplies Surge

 

China's Corn Market Monthly Report - December 2004  

 

An eFeedLink Special Report      

 

Below is an abstract of the report: Sustained fall in corn prices as China, worldwide supplies surge

  

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China's corn prices continued to fall in December. The average price of Grade 2 corn declined 2.6% to RMB1,206/ton. China's projected corn output and consumption for 2004/05 were 131.7 million tons and 121 million tons respectively. For the first time in five years, supplies are exceeding demand. Newly-harvested corn has been hitting the market at volumes higher than before. Analysts believe this surge in supplies would continue to soften prices.

 

More contents in the full report include:

 

I      Markets see brisk new corn supplies

 

II     Export scenario

 

III   Domestic demand

 

IV    Feed purchase for short term