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April 26, 2016 | Rueters

China’s March Imports May Signal Snags for Reform

Analysts have predicted that around 20 million tonnes of China’s corn stocks have turned bad from enduring long periods of storage

Despite grossly swollen corn stocks and new plans to begin reducing them, China imported over half a million tonnes of the yellow grain last month.

Data released by China’s General Administration of Customs on Thursday showed that the East Asian country imported 575,350 tonnes of corn in March, mostly from Ukraine. Corn imports in the first two months of the year totaled about 70,000 tonnes, a considerable drop on the year. To read more click here.

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