Founder of New Hope Group calls for opening corn trade in China

Liu Yonghao

The founder of New Hope Group in China is calling for China to redefine its grains security policy and fully liberalise the corn trade. "Why can't China distinguish between grains for people and feed grains, and liberalise the market for feed grains?" Liu Yonghao, head of the New Hope Group, asked a press conference.

"China should allow imports and exports, and encourage more feed and meat production here. Why are such tight corn controls needed? If we liberalise corn, import when needed and export when needed, it would greatly benefit the agricultural sector." Read more ...

This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers. To get your copy of  'PPLAPP' click here.

Japan to hold next tender for feed wheat, barley on March 16

Japan will hold a tender on March 16 for a maximum of 30,000 metric tons of feed wheat and 200,000 tons of feed barley, according to the Ministry of Agriculture, Forestry and Fisheries.

The ministry, which holds feed-grain import tenders every Wednesday, didn’t purchase anything today because of a lack of demand from end-users, Masafumi Otsuka at the ministry’s grain- trade division, said by phone.

Tenders are held under the so-called simultaneous buy-and- sell system, in which feed makers and trading companies jointly bid for grains of any origin and quality. Read more ...

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