August 4, 2005
Corn prices in China generally stable to lower early this week but dip in north-eastern production regions (Aug 4, 2005)
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Corn prices in China were generally stable to lower early this week.
Prices in the Yellow / Huai River production regions remained stable in recent days.
Transacted prices of corn in inland consumption regions and southern Chinese ports were also generally stable.
However, corn prices dipped in the north-eastern production regions, generally falling by about RMB10-20/tonne. This was mainly a reflection of the recent appreciation of the Renminbi against the US dollar, and the recent outbreak of a swine disease in Sichuan province, which dampened the near term corn market outlook.
|
China's Corn Price Update | ||
|
Region |
Moisture Content |
Price (RMB/tonne) |
|
Northeast China |
|
Ex-warehouse Price |
|
|
14% |
1,060-1,090 |
|
|
14% |
1,120-1,130 |
|
|
14% |
1,140-1,150 |
|
|
14% |
1,140 |
|
|
|
Ex-warehouse Price |
|
|
14% |
1,180-1,210 |
|
|
14% |
1,180-1,220 |
|
|
|
Delivery Price |
|
|
14% |
1,220-1,250 |
|
Jiangsu, zhejiang & Shanghai |
14% |
1,290-1,310 (Rail Station Price/CIF) |
|
|
|
Rail Station Price |
|
|
14% |
1,320 |
|
|
|
Rail Station Price |
|
|
14% |
1,350 |
|
Northern Ports |
¡¡ |
FOB |
|
Dalian port |
14% |
1,230 |
|
Qinghuangdao port |
14% |
1,230 |
|
Southern Ports |
|
Port Transaction Price |
|
Shekou port in Shenzhen |
14% |
1,310 |
|
Huangpu port in Guangzhou |
14% |
1,320 |
|
Quanzhou port in Fujian |
14% |
1,320 |
|
Xiamen port in Fujian |
14% |
1,320 |
| Prices are representative and for reference only | ||
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