August 25, 2005

Corn prices in China generally stable; prices in northern ports lower on falling exports (Aug 25, 2005)

An eFeedLink exclusive report

Corn prices in China were generally stable, moving within a narrow range, early this week.

Prices were generally stable in the north-eastern production regions amid heavy rain and regular trade. 

Corn prices in the Yellow / Huai River production and inland consumption regions were also generally stable in recent days. Although corn demand in both regions has picked up somewhat with China's upcoming Mid-autumn Festival, which falls in mid-September, the market release of early ripening corn in some areas has stabilised local prices.

Meanwhile, ex-warehouse corn prices in northern ports were generally lower, due to gradually falling exports there and bearish local market sentiments. This in turn weighed on corn prices in southern ports.

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