China Buys Hefty Amount of Foreign Grain as Global Prices Slump.

China purchased more than 20 cargoes of feed grain on the international market in the last two weeks, exploiting a decline in global prices to their lowest level in over three years. The country secured shipments of corn, sorghum, and barley from suppliers such as Ukraine and the US, totaling over 1.2 million tons of grain. The buying spree coincided with rising prices in China and falling Chicago corn futures, making the international market more attractive due to the widening price gap.

March 04, 2024
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