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.
- Weekly transacted prices of second-grade corn in China (Moisture content 14%)
- China's corn imports continues good showing in July
- Weak trends prevail in China corn market
- Corn market stays weak with port inventories at four-year high in China
- Corn, pork and an impending rebalancing of China's agribusiness trade