China Corn Prices Decline Amid Strong Supply and Weak Demand

According to data from SunSirs, China's domestic corn prices declined by 0.58% last week due to strong supply and weak demand.

The average price of Grade 3 yellow corn was 2,227.14 RMB/tonne at the start of the week and 2,214.29 RMB/tonne by the weekend.

The increase in corn supply from North China and ample stocks in Northeast production regions led to a surge in overall supply, while substitute grains continued to enter the market.

The downstream pig farming sector remained sluggish, and demand from deep-processing enterprises was cautious, putting downward pressure on domestic corn prices.