Tuesday, July 3, 2007

China's Corn Production May Reach Record 150 Million Metric Tons This Year

(Bloomberg) -- China's corn harvest, the world's
second-largest after the U.S., may reach a record 150 million
metric tons this year if drought in some regions eases, helping
to meet demand and curb inflation.

``If weather becomes normal in July, we will get a bigger
crop,'' Wang Xiaohui, head of the grain division at the China
National Grain and Oils Information Center, said at a conference
in Beijing today. Production could beat the center's forecast
yesterday of 149 million tons, up 2.4 percent from last year, and
could even top 150 million tons, he said.


Read more at Bloomberg Commodities News

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