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Price summary
Prices were lower in most areas.
|
Weekly transacted prices of second-grade corn in China (Moisture content 14%) | ||||
|
Region |
Price type |
Price as of Nov 2 (RMB/tonne) |
Price as of Oct 26(RMB/tonne) |
Price change(RMB/tonne) |
|
Heilongjiang |
Ex-warehouse |
1,520-1,560 |
1,520-1,560 |
0 |
|
Jilin |
Ex-warehouse |
1,350 |
1,350 |
0 |
|
Dalian Port |
FOB |
1,640 |
1,670 |
-30 |
|
Hebei |
Delivery Price |
1,600 |
1,620 |
-20 |
|
Henan |
Delivery Price |
1,500 |
1,500 |
0 |
|
Shanxi |
Ex-warehouse |
1,420 |
1,420 |
0 |
|
Shandong |
Delivered-to-feedmill |
1,600 |
1,620 |
-20 |
|
Jiangsu |
Rail Station |
1,700 |
1,720 |
-20 |
|
Shanghai |
Rail Station |
1,780 |
1,800 |
-20 |
|
Zhejiang |
Rail Station |
1,820 |
1,820 |
0 |
|
Jiangxi |
Rail Station |
1,820 |
1,820 |
0 |
|
Hunan |
Rail Station |
1,860 |
1,880 |
-20 |
|
Hubei |
Rail Station |
1,840 |
1,840 |
0 |
|
Sichuan |
Rail Station |
1,730 |
1,750 |
-20 |
|
Guangdong |
CIF |
1,740 |
1,770 |
-30 |
|
Southern part of Guangxi |
CIF |
1,830 |
1,860 |
-30 |
|
Fujian |
CIF |
1,700 |
1,720 |
-20 |
|
All prices are representative and are for reference only.
RMB1=US$0.1462 (Nov 4) | ||||
Market analysis
Corn supplies continued to increase in northeast China. However, high corn planting costs and the government's move to increase the minimum corn acquisition price kept corn prices stable in the region.
Corn prices fell in southern China as supplies exceeded demand.
Market forecast
 |
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