September 16, 2005

 

China Corn Monthly - August 2005

 

Prices mostly unchanged amid steady market supply

 

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Below is an abstract of the report:

 

 

China Corn Monthly - August 2005

 

Prices mostly unchanged amid steady market supply

 

Corn prices in China were generally stable in August, with mild fluctuations seen in some regions. Ex-warehouse prices for second-grade corn in Harbin, Changchun and Shenyang were unchanged from the previous month at RMB1,100/tonne, RMB1,130/tonne and RMB1,150/tonne respectively. Jinan's station price was RMB1,260/tonne, up by RMB10/tonne as compared with end-July's prices. Delivered-to-station prices in Shanghai and Wuhan both decreased by RMB10/tonne to RMB1,280/tonne and RMB1,330/tonne respectively.  

 

This 2-page report includes:       

 

1.         Healthy corn crop growth

 

2.         Substantial rise in corn exports, while imports remained low

 

3.         Rise in 2004-05 corn inventory 

 

4.         Narrowing gap between China and international corn prices