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China’s surging corn prices blamed on speculators as Beijing plays down fears of grain shortage

Summary:
[unable to retrieve full-text content]China’s agriculture minister has blamed speculators for skyrocketing corn prices, as Beijing continues to reassure the public the world’s most populous country is not facing a grain shortage.Corn price recently hit an eight-year high following typhoons and floods that damaged the nation’s corn belt. A trip to the area by the South China Morning Post this month found swathes of cropland had been flattened, fuelling concern among local farmers about a steep drop in output.China’s imports of corn,…

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[unable to retrieve full-text content]
China’s agriculture minister has blamed speculators for skyrocketing corn prices, as Beijing continues to reassure the public the world’s most populous country is not facing a grain shortage.Corn price recently hit an eight-year high following typhoons and floods that damaged the nation’s corn belt. A trip to the area by the South China Morning Post this month found swathes of cropland had been flattened, fuelling concern among local farmers about a steep drop in output.China’s imports of corn,…

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