China secures corn for animal feeds

China, the world's second-largest corn consumer, will limit corn consumption in non-feed sectors to ensure supply for animal feed mills and to help control prices, corn traders and local media reports said. Beijing has asked banks to halt loans to companies, excluding state stockpiling agencies that would have used the funds to buy corn for non-feed processing purposes, local media reported.

The government has released millions of tonnes of corn from stockpiles to reduce supply pressures, but China's corn prices have still risen about 17 percent since the start of October, when food inflation started to gain significant momentum. Read more ...

This blog is written by Martin Little The Global Miller, published and supported by the GFMT Magazine and International Milling Directory from Perendale Publishers