date:Dec 03, 2012
Geneva-based SG SA in their survey for Bloomsberg, checked with production in the seven major corn producing provinces in China.
On-hand inventory is at a nine-year high. This higher new inventory is good news for Chinese users as imports from the USA are predicted to be 64 per cent less for China this crop year.
On November 15th, 2012, the national average corn price was 2.24 RMB/kg ($0.359 USD/kg), the national average wheat bran price was 1.80RMB/kg ($0.288 USD/ kg) and the national averag