China expected to buy less corn for stockpiles, encourage processors to use more
date:Oct 26, 2015
h will increase use of domestic corn, said an analyst with an official think-tank.

Jilin province, the countrys No. 2 corn producer, has offered subsidies to big processors of 250 yuan ($39.38) per tonne for buying local new corn and 350 yuan per tonne for purchasing from state reserves from October to December, industry sources said.

Heilongjiang and Inner Mongolia may soon offer a similar subsidy to encourage use of corn and help loss-making processors which make products like starch, ethano
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