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Xu Zhouwen, co-chairman of dentons (00809),, said that although the price of raw-material corn had recently risen to Rmb2,300 per tonne, the company had bought 7-8 per cent of the corn needed for production before the Lunar New Year, at a price 10 per cent below the current price, which is expected to remain at last year's levelx2g
He also said that the price of the company's main product, lysine, was similar to that of the whole of last year, and although it was down from the fourth quarter of last year, it recorded a more noticeable increase year-on-year, with a current price of $17,000 per tonne, which he considered to be a better price of $18,000 per tonneXu Zhouwen, co-chair ofx2gDentons Biochemicals (00809), said that although the price of raw corn had recently risen to Rmb2,300 a tonne, the company had bought 7-8 percent of the corn needed for production before the Lunar New Year, at 10 per cent below the current price, which is expected to remain at last year's levelx2g
He also said that the price of the company's main product, lysine, was similar to that of the whole of last year, and although it was down from the fourth quarter of last year, it recorded a more noticeable increase year-on-year, with a current price of $17,000 per tonne, which he considered to be a better price of $18,000 per tonnex2g(
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