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imageBEIJING: China is expected to import 5 million tonnes of corn in 2013, an official think-tank said on Tuesday.

China has been aggressively purchasing low-cost corn from the United States, where a bumper harvest has pushed prices down to a three-year low.

About 100,000 tonnes of US corn is set to arrive at Chinese ports in October, followed by 800,000 tonnes in November, said the China National Grain and Oils Information Center.

Corn imports for the 2012/13 marketing year were 3 million tonnes.

Copyright Reuters, 2013


 



 
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Banking Review 2013


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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln