Corn consumption in China, the world's second-largest market, remains resilient even after prices rallied to a record in Chicago.
"We still have strong demand from countries like China," said Bill Barbour, an investment specialist for the DWS Global Agribusiness fund, in a Bloomberg Television interview on Wednesday. "There's not been much demand destruction."
Corn, used in feeds and ethanol production, rallied 24 percent this year, reaching a record last month, as the driest summer since 1936 in the US Midwest damaged crops.
China Daily-Agencies?
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 130349 
