November 10, 2004
 
 
Bumper Harvest Put More Downward Pressure on China's Corn Prices in October

China's Corn Market Monthly Report - October 2004
        

An eFeedLink Special Report
 

Below is an abstract of the report: Bumper Harvest Put More Downward Pressure on China's Corn Prices in October

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Corn prices in China weakened generally in October with the month's country-wide average price for second-grade corn down month-on-month by 4.3% at RMB1,299/ton.

Increasing bulk entry of newly harvested corn into the markets was seen to have heightened the cautiousness of market players, with most staying on the sidelines, resulting in the light transactions in October. On news of a bumper corn harvest this year, market participants generally expect corn prices in China to move lower in the near term.

More contents in this 3-page report include: 

• Procurement of New Corn from Northeast Regions Impeded by Persistently Tight Rail Transportation
  
  
• Market Demand Affected By Slow Pace of Recovery of Animal Production Industry
  
  
• Market Participants Remain Cautious on Corn Procurement 
  
  
• Decline in China's Corn Export on Reduced Demand