date:Oct 26, 2015
China could buy about 50 percent less corn for state stockpiles in the 2015/16 season than the previous year as local governments offer subsidies to encourage processors to use more domestic grain, industry analysts said.
Increased local purchases by Chinese processors could dent appetite for corn imports, pressuring global prices.
Beijing will buy 40-50 million tonnes of corn for state stocks during a six-month purchasing period that starts next month, compared with 83 million in 2014/15, the