ЕС. Обзор рынка зерновых на 07.05.24 г.
17:30 — Обзоры по экспорту и импорту
16:16, 20.05.2009 — Новости
автор: OilWorld.Ru

DJ China Corn Prices Down Slightly; Farmers Sell After Planting (ENG)


BEIJING (Dow Jones)--Corn prices in China's major producing areas were
slightly lower in the week to Wednesday as farmers started to sell their crops
after the spring planting.

  Corn prices in Nong'an in the major producing province of Jilin were around
CNY1,500 a metric ton, down CNY40/ton from a week earlier.

  The prices in another big producing province, Heilongjiang, were between
CNY1,400-CNY1,500/ton, compared with CNY1,440-CNY1,530 a week ago.

  Farmers found time for sales as spring planting has almost been completed,
but consumers stayed on the sidelines, waiting for the government's sales
policies, analysts said.

  The government bought around one-fourth of the corn China harvested last
year, and the market has been expecting it to release the crop to the market
ahead of the new October harvest.

  "Trading lacks guidance since the government's corn purchases were completed,
and both buyers and sellers are waiting for clearer signs of the government's
policies," China Corn Network said in an article.

  Meanwhile, weak demand from the feedmeal sector and industrial processing
plants is unlikely to be recover in the near term, so corn prices are likely to
be stable ahead of the government's likely sales, analysts said.


  -Zheng Xiaolu contributed to this story, Dow Jones Newswires; 8610 6588-5848;
tracy.zheng@dowjones.com


  

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ЕС. Обзор рынка зерновых на 07.05.24 г.
17:30 — Обзоры по экспорту и импорту
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