According to data recently released by the General Administration of Customs, China's corn imports hit a 10 month high of 245,000 tons in August. "As the price of corn is declining in the international food market, we could use the imports to ease price hikes in the domestic market. This will also offer some help to the government in containing the surging CPI," said Ma Wenfeng, a senior analyst at Beijing Orient Agribusiness Consultant Ltd. Read more ...
