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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 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 30, 2015
Reserves $17.717 bln