Domestic News

You are here:Home - News - Domestic News

China is to Lower Storage of Maize and Goad Wider Use of Domestic Maize for Industry and Business

Pubtime:2015-11-02Author:Source: Hits:

Analysts indicate that China will take over 40 million to 50 million tons of maize within six months starting from November, lower than that between 2014 and 2015 by 83 million tons, but it still leads to that national storage of maize amounts to around 0.2 billion tons, higher than predicted consumption amount on the yearly basis by around 20 million tons.


The Beijing Government shall continue to implement maize temporary purchase and storage projects but might thoroughly loosen domestic maize price. Analysts reckon that governmental purchase amount will plunge and a growing proportion of local governments would provide subsidiary to maize manufactures, which would help enhance consumption of domestic maize.