August 30, 2004

China's Corn Prices Higher in July Amidst Market Stability

 Corn Market Monthly Report for July 2004  
       

An eFeedLink Special Report        
 

Below is an abstract of the report: China's Corn Prices Higher in July Amidst Market Stability
 
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China's corn prices rose amidst general stability in July 2004, with the monthly countrywide average price for medium-grade yellow corn at RMB 1346 /ton, registering a month-on-month increase of 1.43%.   

China was seen faced with a temporary tightness in supply of livestock products in July, with prices rising steadily, the result of low livestock farm inventories. 

With the resumption of export of livestock products from China, farmers were active in replenishing their livestock inventories, driving up demand for feed ingredients. This has to a certain extent provided support for corn prices.     

More contents in this 2-page report include:   

•     Recovery of Livestock Industry Supported Corn Prices 
   
•     Heavy Rainfall in Corn Production Regions Helped Improve Moisture Level of Soil
   
•     Corn Prices Stayed Firm Amidst Persistent Tightness in Rail Transportation in Northeastern Region 
   
•     Supply/Demand Imbalance in North China and Yellow River / Huai River Regions Keep Corn Prices Up
   
•     Lower Corn Exports with Decline in Export Demand