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Article: Corn prices in China to continue growth in 2007 - MOA.

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China Business News
Article date:
January 5, 2007
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Corn prices in China to continue growth in 2007 - MOA

Shanghai. January 5. INTERFAX-CHINA - Corn prices in China are expected to continue growth in 2007 in line with international counterparts on the back of strong demand and fresh fund flows, China's Ministry of Agriculture (MOA) forecasts.

International corn prices will very likely strengthen again in the 2006 and 2007 season as a result of lower global inventories and mounting fresh demand from bio-fuel production, MOA said.

In addition, large amount of new capital might continue flowing into the global corn futures market, helping boost corn futures prices as well as spot corn prices.

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