Corn Products China News 1304


April 19, 2013
24 Pages - SKU: OFCM5036462
License type:
Countries covered: China

Corn Products China News 1304

Entering April 2013, as the H7N9 influenza broke out in China, the domestic demand for corn slackens. Due to the disease, China's demand for poultry meat obviously decreases, discouraging farmers' enthusiasm to raise more chickens and ducks in a short time. Thus, the demand for feeds, including corn and other corn products used as feeds, dropped in these two months. Moreover, with the inventory report released by the USDA in March, the international price of corn fell down further in April. Affected by this, the domestic price of corn also went down in this month.

In addition, China will finish the national purchase of corn at the end of April. Until April 12, 2013, China Grain Reserves Corporation has purchased more than 17.2 million tonnes of corn. The grain depots in Northeast China have been full, indicating that the national purchase volume will be limited. After the national purchase, the domestic market price of corn will not be able to maintain its level and will probably go down in May.



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