China's corn selling in large quantities Asian corn prices will fall
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Last Update: 2002-04-11
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Source: Internet
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Author: User
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Lead: Singapore News: Asian corn prices are expected to fall this week as Chinese exporters are eager to sell corn Market analysts point out that China has about 50 million tons of corn in stock, and the corn output in 2001-02 is about 110 million tons China is eager to export corn in large quantities According to industry analysis, the price of feed corn exported by China will be reduced from the original $100 per ton to $99 per ton In order to remain competitive, corn sellers in other countries have to lower their prices "Corn sold in China can be delivered in the second half of the year," said a trader in Seoul As long as China has inventory, it will continue to export, and those buyers will wait for the price to continue to fall " Chinese export trading companies will sell a batch of corn at an estimated price of $100 per ton, traders said Monday Last week, corn markets in South Korea, Taiwan and Hong Kong were weak Traders in Seoul believe the market will pick up this week as the market expects corn prices to fall this week (author:) share to feed Weibo share to:
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