date:May 13, 2013
he rain, and they declined to reveal further details.
Meanwhile, analysts said that they feel pessimistic about the prospects of China achieving yet another bumper harvest.
And given the country's huge demand for corn, a reduced output would trigger price increases in the global food market.
We expected to see a bumper corn harvest in the world this year, but if China suffers any losses in yields, corn prices in the global market will surge, said Ma Wenfeng, a senior analyst at Beijing Orient