Poor weather affects China's corn figures

China imported 16,919 tonnes of corn in November, 9.28% less than last November, and its export volume plunged 81.21% year-on-year, hitting 4,417 tonnes.

This data was released by China's General Administration of Customs.

During the period from January to November, China imported 49,765 tonnes of corn, 22.92% more year-on-year, and exported 93,294 tonnes of corn, 56.51% less year- on-year.

According to the Ministry of Agriculture, the average wholesale corn price in corn production areas was RMB 1,712 (US$250.72) per tonne last month, 1.9% lower than a month earlier, and the average wholesale price in sales areas climbed 1% month-on-month, hitting RMB 1,974 (US$289.09) per tonne.

China is expected to produce 157.5 million tonnes of corn this year, 5.1% less than last year.

The estimated corn output amount is principally dragged down by bad weather. In June, China's Heilongjiang Province, Jilin Province and East Liaoning suffered wet weather and low temperatures, and in August, Northeast China suffered from severe drought.