date:Feb 01, 2016
unning out of space for the corn stockpiles, and some of the ageing crop is deteriorating, but destocking would take time because a rapid sell-off would have too big an impact on the market, said Han Jun, Chens deputy.
The government plans to reduce the domestic corn acreage next year and encourage farmersto grow other crops, such as soybeans, of which the country is the worlds top buyer.
- See more at: http://ingredientnews.com/articles/china-to-cut-domestic-corn-prices-to-spur-demand-cut-impo