March 10, 2005


Corn prices mostly stable in China; price weakness seen in Yellow/Huai River regions (Mar 10, 2005)


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Corn prices in China were generally stable early this week, with prices in the Yellow / Huai River production regions showing signs of weakening.


In the north-eastern production regions, prices of corn were mostly stable, with Heilongjiang province registering a marginal price increase in recent days.


Price stability was seen in most parts of the southern consumption regions, but corn prices in some areas dipped slightly due to the increased arrival of stocks lately.

 

China's Corn Price Update

Region

Moisture Content

(percent)

Price

(RMB/tonne)

Northeast China

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Ex-warehouse Price

Heilongjiang

14

940-990

Jilin

14

1,040-1,060

Liaoning

14

1,070-1,080

East Inner Mongolia

14

1,080

North China

¡¡

Ex-warehouse Price

Hebei

14

1,160-1,190

Henan

14

1,160-1,190

(Delivery Price)

East China

¡¡

Delivery Price

Shandong

14

1,200-1,240

Jiangsu, Zhejiang & Shanghai

14

1,220-1,260

(Rail Station Price/CIF)

Central China

¡¡

Rail Station Price

Hubei

14

1,300

South-west China

¡¡

Rail Station Price

Sichuan

14

1,330

Northern Ports

¡¡

FOB

Dalian port

14

1,155

Qinghuangdao port

14

1,155

Southern Ports

¡¡

Port Transaction Price

Shekou port in Shenzhen

14

1,270

Huangpu port in Guangzhou

14

1,280

Quanzhou port in Fujian

14

1,290

Xiamen port in Fujian

14

1,290

All prices are representative and are for reference only.

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