China corn prices to remain firm amid Covid restrictions

Domestic corn prices in China are expected to stay strong in the near future, the Ministry of Agriculture and Rural Affairs (MARA) said on Friday. Lockdown measures in northern and northeastern China triggered by the latest spike of Covid cases have severely disrupted the flow of corn across the country. Corn stocks level at ports in the north is also very low at the moment, MARA added. However, demand for corn in animal feed is estimated to be stable despite high prices. “Wheat prices are high,...

 

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