April 23, 2012
China's grain operators buy 62.24 million tonnes new corn
According to the State Grain Administration, by the end of March, the grain firms of China had bought 62.24 million tonnes of new corn in major producing areas, with state-owned firms' purchases at 15.71 million tonnes or 25% of the total output.
Meanwhile, the domestic grain companies had purchased 28.86 million tonnes of new japonica rice by then, with 62% 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.
- US grain companies incur US$427 million losses on China's corn rejection
- US to continue supplying grains to China as demand surges
- China expresses interest in buying grain companies in Kazakhstan
- China to speed up sale of state grain and cotton reserves
- China's COFCO acquires majority stake in Dutch grain trader Nidera