BEIJING (Dow Jones)--China's corn prices in the major producing areas were higher in the week to Wednesday, supported by the government's purchase, which resulted in tightening supply in the northeast. Corn prices in Changchun in Jilin province were CNY1,540-CNY1,580 a metric ton, up CNY20 from a week ago. Corn prices in Zhaodong in Heilongjiang province were CNY1,200-CNY1,560/ton, up CNY20-CNY30. Some state reserve houses hastened local corn purchases ahead of spring planting, further tightening supply, while farmers don't have much corn in hand, said Jilin Grain Market in a note. Farmers in the northeast producing areas only have 20% of their 2008 corn harvest left, while the government has completed only 70% of its corn purchase plan. Meanwhile, industrial processing plants will continue to compete with the government reserve houses for the crop, which is likely to push up prices further, said Jilin Grain Market. Traders expect corn prices to rise further as the government has said it will sell corn in the market later at higher than the purchase prices. But some analysts don't expect corn prices to rise significantly as there is no clear sign actual demand from corn processing plants has risen much, while feedmeal demand is unlikely to expand quickly in the near term, with most farmers still on the sidelines. -Zheng Xiaolu contributed to this story, Dow Jones Newswires; 8610 6588-5848; tracy.zheng@dowjones.com
Регион | Закуп. | Изм. | Прод. | Изм. |
---|---|---|---|---|
ЦФО |
32900.00 | + 1950 | 33200.00 | + 2000 |
ПФО |
32000.00 | + 1690 | 32500.00 | + 1500 |
СКФО |
33000.00 | + 1350 | 33500.00 | + 1500 |
ЮФО |
33000.00 | + 1500 | 33500.00 | + 1500 |
СФО |
33000.00 | + 1000 | 34000.00 | + 1000 |
Регион | Закуп. | Изм. | Прод. | Изм. |
---|---|---|---|---|
ЦФО |
74000.00 | + 1000 | 74500.00 | + 1000 |
ЮФО |
73000.00 | + 1000 | 75000.00 | + 1000 |
ПФО |
73500.00 | + 1500 | 75000.00 | + 1800 |
СФО |
74000.00 | + 500 | 76000.00 | + 1100 |
Обсуждение