Jiliang: China is likely to cut corn export subsidies in 2003
-
Last Update: 2003-01-23
-
Source: Internet
-
Author: User
Search more information of high quality chemicals, good prices and reliable suppliers, visit
www.echemi.com
Lead: according to Jilin Food Group officials on Wednesday, China is likely to cut its financial support for corn exports this year because of the rising international corn prices, according to Jilin Food Group officials on Wednesday Although the details of XLY's new policy are not clear, officials say Jiliang has sold corn in small quantities delivered in April, may and June, higher than the average price of $105 per ton in 2002, FOB He gave no more details XLY's international corn price soared after the drought in the United States and other regions, which greatly improved the competitiveness of China's corn Through the financial support provided by the government, corn exports also increased When asked about the export volume in 2003, officials said it was hard to say in the second half of the year, but the volume in the first half of the year should be more than that in the same period last year XLY traders say the local government has applied to export 12-15 million tons of corn this year In 2002, China's corn export increased by 94.5% year-on-year to 11.67 million tons, of which 3.48 million tons were exported in the first half of the year Grain officials added that the central government may not clarify corn export policies before the National People's Congress in February or March The new policy usually applies to corn shipped after April XLy
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.
