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Tuesday, January 5, 2021
China to expand area sown with corn this year
China's Minister of Agriculture and Rural Affairs said the country will boost its corn acreage this year, after years of decreasing acreage and in response to a shortfall in the commodity, Reuters reported.
Tuesday, January 5, 2021
Ukrainian corn exports stay strong in first four months of 2020-21 period
Ukraine's corn exports have stayed strong over the first four months of the 2020-21 marketing year, despite a year-on-year decrease of six million tonnes in production.
Tuesday, January 5, 2021
Platts: Momentum of demand for corn in Asia to sustain imports
The fundamentals behind the 2020 Asian corn price rally will continue to have momentum in 2021 as demand in key importing nations sustains trade flows, Platts reported.
Tuesday, January 5, 2021
Cambodia to launch first hybrid corn
Cambodia will launch CHM01, the country's first hybrid corn, later this month, according to the country's Minister of Agriculture, Forestry and Fisheries, Veng Sakhon.
Tuesday, January 5, 2021
Argentina's corn export suspension not likely to reduce local food prices
Argentina's recently announced suspension of corn exports will not have its intended effect, which was to lower the cost of local staples like steak, the country's CICCRA meat industry chamber said on January 4.
Monday, January 4, 2021
China Corn: Prices break records as auctions fail to meet demand (week ended Dec 30, 2020)
Shortages of corn in China worsened as the state reserves auctions were insufficient to meet demands. Deep processors were compelled to increase buying prices while the availability of corn in the production region dwindled. Prices rose sha ...
Monday, January 4, 2021
Mexico's National Farm Council against GMO corn ban, organic growers laud ban
Mexico's main agricultural lobby the National Farm Council criticised the government's decision to ban genetically modified (GMO) corn, while organic growers supported the ban which they say will protect smaller farmers, Reuters reported.
Thursday, December 31, 2020
Argentina to suspend corn exports till Feb 28
Argentina will suspend sales of corn for export until February 28, the agriculture ministry said on December 30, announcing the surprise move as part of the government's effort to ensure ample domestic food supplies, Reuters reported.
Tuesday, December 29, 2020
China Corn: Corn auctions hold down prices (week ended Dec 25, 2020)
As supplies increased due to the state reserves auction, prices of corn stayed soft. Several farmers were reluctant to release newly harvested corn while prices fell below expectations.
Friday, December 18, 2020
Brazil looks to boost corn exports to China
Abramilho, a Brazilian corn producers association, said Brazil is in talks with China to increase corn exports to the latter, but not at this time because of inter-harvest supply shortages, Reuters reported.
Tuesday, December 15, 2020
CP Foods Thailand pledges responsible corn sourcing
In a press release, Charoen Pokphand Foods PCL (CP Foods) reassures the company only buys corn of responsible and traceable origin, which have legal land documents and have proven their non-involvement with forest encroachment, in an effort ...
Tuesday, December 15, 2020
China Corn: Prices climb to new highs, government releases reserves (week ended Dec 11, 2020)
China government halted corn reserves stockpiling and released 576,600 tonnes of state reserves. Traders turned cautious while supplies increased, hence limiting corn price rise.
Tuesday, December 8, 2020
China Corn: Prices break new highs (week ended Dec 4, 2020)
Buyers were keen to stock inventories of corn in view of inadequate availability in 2021. Soaring to new highs corn prices, broke the record set in July 2014.
Tuesday, December 1, 2020
China Corn: Prices set to hit new highs (week ended Nov 27, 2020)
Corn prices increased further amid concerns of inadequate availability. Despite ample supplies in the near term, China is expected to face corn shortages in 2021, particularly in the south where livestock inventories recover steadily.
Friday, November 27, 2020
IGC cuts corn crop forecast
The International Grains Council (IGC) on November 26 cut its forecast for global corn production in the 2020/21 season, Reuters reported.
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