June 23, 2020
China Corn Weekly: Prices stay firm (ended Jun 19, 2020)
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As the take up rates and prices of state corn reserves auction remained high, traders held up spot corn prices in anticipation of tight availability.
Corn prices averaged RMB2,124/tonne, increased RMB18/tonne or 0.83% compared with the previous week.
Traders will continue to stand firm on spot corn prices in view of a strong market. Nonetheless, demand for corn will be slow while broiler feed producers tread prudently.
Full version of the report is available at https://spoutinfo.com/market-forecast-detail/31/32/265/1916
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