Analysis of domestic corn market
-
Last Update: 2003-04-06
-
Source: Internet
-
Author: User
Search more information of high quality chemicals, good prices and reliable suppliers, visit
www.echemi.com
Introduction: from March to March, the market price of corn in most areas of China began to rise steadily On the one hand, the demand for domestic feed began to start On the other hand, the supply of domestic corn decreased The main factors influencing the market price of domestic corn in the near future are PSA 1 The supply of corn in China decreased The main corn supply areas in China are the three northeastern provinces, Inner Mongolia and the North China Huanghuai region From the current situation, after a period of consumption, the corn supply capacity in the North China Huanghuai region has declined significantly, especially in Shandong Province due to last year's drought, the share of corn in the market in Shandong Province has declined significantly, and the corn supply capacity in Hebei and Henan Province has declined significantly It is also gradually weakening, but it still occupies a certain market in the southern sales area, so the northeast region has become the main production area of domestic corn supply The gradual improvement of the market situation has strengthened the local farmers' psychology of reluctant to sell The price of corn remains high, the number of purchases by the grain sector is low, and the number of corn put on the market is small, which has become a major factor in driving the price of corn in China PSA 2 The export of domestic corn was accelerated From the current domestic corn export situation: according to the statistics of the Customs Department, China exported 1.8 million tons of corn in February 2003, an increase of 133.7% over the same period last year With the increasing export of corn and the rising price of corn in the production area, the price of corn in the ports of Northeast China is also rising, and the port trade is active As the national policy tends to export corn, most of the safe moisture corn transported to the port is used for export, and a small part and part of the super moisture corn are used for domestic trade The competition for the source of goods between export and domestic trade further increases the shortage of corn PSA 3 Domestic aquaculture is still in the recovery stage After a period of off-season after the Spring Festival, the domestic breeding industry is still in a slow recovery stage Although the consumption of domestic feed is still low at present, due to the small quantity of corn stock in feed and deep processing industry during the Spring Festival, it gradually began to increase the purchasing power in March, which to some extent boosted the market price of domestic corn PSA 4 At present, the replenishment work of grain sector is still in progress At present, the purchase work of the grain sector is still in progress On the one hand, due to the high price of corn, the farmers' psychology of reluctant to sell is strengthened, and the quantity of corn sold by the farmers is reduced; on the other hand, the quantity of corn sold by the farmers before the festival is large, and the grain in the hands of the farmers has been relatively reduced, and the price of corn remains high, so the purchase progress of the grain sector is slow PSA combined with the above factors, it is expected that the domestic corn market will still be in a stable and rising trend in the near future However, from the perspective of the future market, first, the promotion and dumping of domestic corn will continue this year, second, the rotation of national grain storage, third, the sale of aged grain in the three northeastern provinces and Inner Mongolia will be carried out in succession, and the comprehensive impact of these factors will to some extent suppress the price of domestic corn market PSa
This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only.
This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of
the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed
description of the concern or complaint, to
service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content
will be removed immediately.