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March 15, 2012

 

Chinese grain firms buy 51.6 million tonnes new corn

 

 

By February 29, the grain operators of China had bought 51.6 million tonnes of new corn in major producing areas, with state-owned firms' purchases at 12.42 million tonnes or 24% of the total output, according to the State Grain Administration.

 

Meanwhile, the domestic grain companies had purchased 25.47 million tonnes of new non-glutinous rice by then, with 61% procured by state firms.

 

The National Bureau of Statistics said that the country's corn output reached 191.75 million tonnes in 2011, a jump of 8.2% over a year earlier, and its rice production rose 2.6% to 200.78 million tonnes.

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