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Article: Chinese corn prices to stay weak in September - analysts.
- Article from:
- China Business News
- Article date:
- August 29, 2008
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Chinese corn prices to stay weak in September - analysts
Shanghai. August 29. INTERFAX-CHINA - China's corn prices will stay weak ahead of the main market debut of fresh corn, which is expected after mid-October this year, as consumption looks set to remain sluggish, analysts told Interfax on Aug. 29.
Corn futures on the Dalian Commodity Exchange dropped from a peak of RMB 1,928 ($282.28) per ton on July 1 to a low of RMB 1,706 ($249.78) per ton on Aug. 19, down 11.5 percent. Since Aug. 19, prices have risen modestly, with the January contract closing at RMB 1,744 ($255.34) per ton on Aug. 28.
Spot corn prices have also declined over the same ...