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China's corn imports in May increased 4.1-fold year-on-year
According to official data released by the General Administration of Customs of China, in May 2015 China imported 403,881 tons of corn, far higher than the 140,837 tons in April, an increase of 410.45% over the same period last year. In May, China imported 381,806 tons of corn from Ukraine, with no comparable data for the same period last year; from
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Severe overcapacity in corn starch production leaves the industry mired in difficulty
After the rapid expansion of previous years, corn starch enterprises are currently plagued by severe overcapacity, the corn starch market has entered a downward cycle, and enterprises are struggling on the edge of losses. Overall, most small enterprises lack confidence in continuing in the corn starch industry, and with Hebei
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Corn prices keep falling step by step, and the pressure to release state reserves is great
Recently, the Ministry of Agriculture held a symposium on agricultural structural adjustment for the four northeastern provinces and regions in Changchun, Jilin Province, specifically requiring the four northeastern provinces and regions to reduce corn planting area. The author believes that since 2008, the bull market feast in which corn output and prices rose together due to state reserve purchases will
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Beijing corn to be trial-planted on 10 million mu of farmland next year
Corn, with a planting area of 550 million mu, is one of China's most important crops. For a long time, corn sowing and harvesting have relied entirely on manual labor, and only American corn varieties could be fully mechanically sown. Next year, 10 million mu of farmland in China will be fully mechanically planted with Beijing
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China's fresh-eating corn planting area reaches 12 million mu
Fresh-eating corn has high economic returns, and many provinces and cities across the country are vigorously promoting fresh-eating corn as a cash crop, with huge market development potential. On July 6, the 2015 National Fresh-eating Corn Academic Symposium and Southern Fresh-eating Corn Conference was held at the Ezhou Research Base of Hubei Provincial Seed Group.
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Why Did Colored Corn Prices Plunge So Sharply?
Colored corn, as an emerging crop in the farming industry, is not obtained through genetic modification but is simply a hybrid variety; yet it has been maligned by rumors about GMOs, causing its price to plummet. The public should also improve its understanding of genetically modified products and step out of scientific blind spots. On July 2, four
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Corn auction transaction rate continues to decline, how does the industry view it?
Corn auction transaction rate continues to decline. Last week, corn purchase and sales in Northeast China were sluggish, and the temporary storage transaction volume hit a new low again; corn prices in North China rose slightly within a stable range; corn prices at southern ports were stable and slightly weak, while purchase prices at northern ports fell, marking the beginning of the destocking stage. At present,
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Corn prices in the second quarter generally trended weak, industry views and analysis
Corn prices generally trended weak in the second quarter. In the second quarter, the domestic corn market fully entered the temporary storage "auction season," and its overall price trend was slightly weak. At the same time, compared with last year, the "destocking" progress of temporary storage corn was slow, market demand lacked highlights, and the market confidence index declined in tandem. In the international market, bullish and bearish factors coexisted, prices first fell and then rose, and the price spread with domestic corn continued to widen. Looking ahead, as the domestic corn market enters the lean season, discussion has reappeared about whether corn prices can repeat last year's glory. However, the oversupply situation in the domestic corn market remains difficult to reverse, and it will not be easy for China's corn market to say "rise" this summer.
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Corn prices remain stable but weak, industry views and interpretation
Corn prices remain stable but weak. Entering July, from the perspective of the large domestic corn market, short-term market supply is sufficient, downstream demand remains weak, temporary storage auctions continue to be sluggish, the north-south port price inversion is severe, and corn substitutes continue to capture ports and sales area markets.
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China's corn imports reached 4.5 million tons in 2014/15
Since the 2014/15 year, China has cumulatively imported 3.63 million tons of corn, a year-on-year increase of 19.57%. About 2 million tons of Ukrainian corn began arriving at ports in April, and 6 shipments of US corn also arrived at ports from June to August. Therefore, China faced relatively high pressure from corn imports in June-August, and in July it will still maintain about 800,000
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