Chart of the Day – China wholesale market price update
Chinese importers seek barley, sorghum cargoes amid high corn prices
China’s grain importers have turned their buying interest from corn to barley and sorghum as prices of the main feed ingredient remained strong.
At the same time, domestic wheat price lost its competitiveness against corn after strong demand for substitution last year boosted prices.
Several private and state grain importers in China are exploring the possibility to buy ...