China acknowledges need for sizeable corn imports

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China acknowledged what analysts have long proclaimed, that it will make substantial corn imports, to keep its huge hog herd in feed and meet growing demand for pork among its enriched population. The China National Grain and Oils Information Centre, China’s official crop think tank, pegged the country’s corn imports in 2011-12 at a record…


China 2011 corn output pegged at record 184.5 mn tons

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BEIJING(Commodity Online): If the estimates of a Chinese think tank is anything to go by, China’s 2011 Corn output may rise 3.93% from last year to a record 184.5 million tons. In a report in Reuters, The China National Grain and Oils Information Centre (CNGOIC) has revised up its estimate for corn production by 2…


Morning markets: crop prices ease awaiting China order news

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EF Hutton was a US stockbroker which became something of an icon in the 1970s and 1980s, famous for an advert that said "when EF Hutton talks, people listen", before running into scandals and seeking refuge in a merger with Shearson Lehman. Anyway, China today is, for agricultural markets, apparently like EF Hutton was (in…


US attack on China poultry levies sinks corn rally

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An attack by Washington on Beijing’s barriers against chicken imports was blamed for undermining a rally in corn futures – dampening hopes of China turning to the US to bolster tight supplies of the grain. Ron Kirk, the US trade representative, urged the World Trade Organization to investigate Chinese duties imposed a year ago on…


China to hike grain production

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BEIJING (Dow Jones)–China is targeting an 8% rise in grain production capacity by 2015 from 2010 levels and has kept unchanged its 95% grain self-sufficiency rate target, the Ministry of Agriculture said Friday. The world’s largest grain consumer is facing challenges in stabilizing grain production amid rising demand and declining arable area due to rapid…


Can history repeat itself a third time in sugar?

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Can history repeat itself a third time? Standard Chartered has challenged consensus thinking on sugar prices by forecasting that futures in the sweetener will enjoy an early-year rally in 2012 too, despite acknowledging hopes of – this time – a significant production surplus. Most analysts foresee prices showing a steady decline from current levels, with…


China early season rice output hits 32.76 million tons

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BEIJING (Commodity Online) : World’s largest Rice producer China said its annual output of early-season rice hit 32.76 million tons this year. In a statement issued here country’s National Bureau of Statistics said the early-season rice, which is harvested every July after a 90-to-120-day maturity period and is mainly planted for reserves and industrial use,…


Zespri denies kiwifruit seized in China

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Kiwifruit export marketer Zespri has denied Chinese reports that New Zealand kiwifruit has been seized by Shanghai Customs following the arrest of one of its import agents for smuggling. A Zespri spokesman said no kiwifruit had been impounded, despite Chinese media reports that 30,000 tonnes of fruit had been seized. The company was working with…


Bunge banned Syngenta corn ‘to save China trade’

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Bunge’s decision to ban corn grown from cutting-edge Syngenta seed – a curb which has sparked a legal battle – was imposed for fear of damaging America’s nascent exports of the grain to China, the crop processor said. Soren Schroder, the chief executive of Bunge’s North America division, said he was "surprised and disappointed" that…


China turns to the UK for potatoes

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After centuries of relying on rice and noodles to feed its hungry masses, China is now turning to a familiar British staple to meet the needs of its 1.3bn-strong population – the humble potato. Facing more frequent droughts, falling water tables and widespread soil erosion, China’s government has designated the potato as a "strategic" crop…


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