date:Oct 26, 2015
analysts said.
But those purchases will still likely push the countrys total corn stockpile to about 200 million tonnes around 20 million tonnes more than expected annual consumption.
China, the worlds No.2 consumer of corn, is maintaining its controversial policy of stockpiling the grain for another year before it is expected to move to fully frees up domestic prices.
The government purchase volume will be lower. More and more local governments will offer subsidies to corn processors, whic