Category Archives: Announcements
China has given approval to at least two companies to export corn, two sources with knowledge of the matter said, in a radical move by the world's No. 2 producer to cut its ballooning surplus that could add more supply to a saturated global market.
The move threatens to push prices down sharply in a market that has already fallen 20 percent this year.
In what could be the first bulk exports in a decade, the