-
China's out-of-quota corn imports carry high risks
Although the widening price gap between domestic corn and the international market has made full-tariff corn imports more attractive, analysts point out that out-of-quota imports carry significant risks, mainly because domestic corn stocks are huge, and auctions of state-reserve corn could narrow the price gap between domestic and international markets.
-
11 major corn-producing regions have purchased a cumulative total of 130.46 million tons of newly harvested corn.
The State Administration of Grain announced on the 6th that as of April 30, grain enterprises of various types in 11 major corn-producing regions including Heilongjiang and Jilin had purchased a cumulative total of 130.46 million tons of newly harvested corn, an increase of 14.44 million tons over the same period last year. According to statistics, as of April 30, grain enterprises of various types in 14 major mid-to-late indica rice-producing regions including Hubei and Anhui had purchased a cumulative total of 28.21 million tons of newly harvested mid-to-late indica rice, a decrease of 1.52 million tons over the same period last year; grain enterprises of various types in 7 major japonica rice-producing regions including Heilongjiang and Jiangsu had purchased a cumulative total of 39.84 million tons of newly harvested japonica rice, an increase of 6.82 million tons over the same period last year.
-
Widening corn price gap at home and abroad may accelerate corn imports
Analysts say that as international corn prices tumble sharply, the price gap between China's domestic corn prices and the international market has widened further, making full-tariff imports more economically viable, and China's corn imports are expected to grow. China is the world's second-largest corn
-
Corn market in Q2 may show a pattern of weakness in the north and stability in the south
Corn in Q2 may show a pattern of weakness in the north and stability in the south. In April, after the overall obvious rise in March, the domestic corn market price showed a trend of slowing gains, overall stabilization and local pullbacks. Specifically: in early April, domestic corn continued the post-Spring Festival rise. In mid-to-late April, under the influence of multiple factors such as the temporary storage corn purchase approaching its end, persistently sluggish auction transactions and overall market demand falling into a "predicament", domestic corn market prices showed a "general decline" pattern.
-
334.77 million tons of state reserve corn to be auctioned this week
3.3477 million tons of state reserve corn to be auctioned this week. China will auction 3.3477 million tons of state reserve corn this Thursday and Friday, 9 times the amount of last week, of which 2.484 million tons come from Heilongjiang. To stimulate domestic corn consumption demand, China has also raised subsidies for corn processing plants
-
Temporary reserve auction launched, corn prices under pressure and trending downward
On Thursday, the fifth round of temporary reserve corn auctions in Northeast China began. This auction is planned to be held over two days, with a total of 3.028 million tons of temporary reserve corn to be offered. Since April 9, news of batch releases of Northeast temporary reserve corn onto the market has continued to pressure the nearby corn 1509 contract, and starch has also followed the decline due to falling corn raw material prices. Considering that the starch futures market price shows a discount pattern, the downside room for starch futures prices is limited.
-
Corn auction volume surges 9-fold this week compared with last week
According to an official Chinese website, China will auction 3.4 million tonnes of state reserve corn this week, 9 times higher than last week's volume, of which 3 million tonnes come from the three northeastern provinces and Inner Mongolia. China began auctioning state reserve corn in April this year, one month earlier than last year
-
Substitute products concentrated at ports; corn prices may struggle to rise further
In the 2014/2015 year, the additional imports of sorghum, barley and DDGS were basically used to replace corn. If the substitution ratios are calculated at 0.91, 0.78 and 0.6 respectively, the additional substitution consumption of corn was 4.3 million tons. According to shipping schedule forecasts, in the second quarter imported sorghum, barley and DDGS will still
-
How can corn planting be adapted to local conditions? The ecological conditions in the Southwest region are complex
Editor's note: The ecological conditions in China's Southwest region vary greatly, which also causes large variations in the growth period of corn. The Southwest corn region includes Sichuan, Yunnan, Guizhou, Chongqing, southern Shaanxi, Guangxi, the western hilly areas of Hunan and Hubei, and a small part of Gansu Province. It is
-
China's corn imports in March fell 91.61% month-on-month
China's corn imports in March fell 91.61% month-on-month. Customs data: in March, China imported 50,600 tons of corn, down 91.61% month-on-month and up 5.05% year-on-year. Total imports from January to March were 123.29, up 4.59% year-on-year; in March 2015, China imported 152,238 tons of wheat, down 71.75% year-on-year. From January to March, imports of
条件筛选