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China’s corn rush to redraw global food landscape
October 3, 2011
By Reuters/UK Reuters
By Reuters/UK Reuters
NEWS HIGHLIGHT
China's corn rush to redraw global food landscape
They did it nearly 20 years ago with soybeans, and according to recent signs on the markets, China will triple its corn purchases next crop year, thereby putting even more pressure on global food supplies.
Oct. 3, 2011 – They did it nearly 20 years ago with soybeans, and
according to recent signs on the markets, China will triple its corn
purchases next crop year, thereby putting even more pressure on global
food supplies. The world's most populous country is already the
leading importer of soybeans, and if this trend takes shape in corn, the
long-term price of corn could exceed $8 per bushel. | READ MORE
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