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Grain Traders Wonder if Bump Can Last

Prices surge to near eight-year high as demand from Beijing fuels grain market rally

PIXABAY
PIXABAY

Record purchases by China have sent corn prices soaring since the end of last year, leaving farmers and analysts pondering how long the surge can be sustained, reports the Financial Times.

Rampant demand from the world’s second-biggest economy has driven a fierce rally in grain prices in recent months.

The big question for the grain sector is whether China will stay ahead of other leading corn buyers such as Japan and South Korea.

Read the full report here.

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