China's corn export price falls below $99 and may fall again
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Last Update: 2002-04-17
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Source: Internet
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Author: User
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Introduction: Dow Jones Singapore news on April 16: on Tuesday, the export price of China's feed corn has fallen below the $99 per ton mark Asian traders said that China's corn price still has room to go down Sentiment remains bearish as the Chinese government wants to cut its huge corn stockpile On Tuesday, the Busan branch of the Korean Feed Association bought 105000 tons of feed corn from Cargill, with unlimited production areas It arrived at Busan or Ulsan port on July 30 and August 20 In the case of Chinese corn, the CNF price is US $98.90 per ton, or 48.95 cents per bushel on CBOT's July corn price On Monday, CBOT corn fell 1.75 cents to $2.02 a bushel in July Last week, mfg, a major South Korean feed corn purchasing group, bought Chinese corn at a CNF price of $99.79 per ton In addition, China's Jilin grain group plans to export 4 million tons of corn this year, which is likely to put pressure on prices, sources said on Tuesday South Korean traders say some say Chinese corn prices could fall another $3 As one of the two groups authorized by Chinese government to export corn, Jilin grain group exported 3.5 million tons of corn to South Korea, Malaysia, Indonesia and Japan in 2001.
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