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China's corn futures surged to a new high in eight years on concerns over corn supply after typhoons hit the country's major corn-growing region over the past few weeks.
Corn futures contract on the Dalian Commodity Exchange, for January delivery, hit 2,443 yuan per tonne, the highest level since August 2012 and rising more than 35 per cent from around 1,800 yuan per tonne in September last year.
Corn prices increased by nearly 30 per cent from the start of the year to 2,355 yuan per tonne at the . . .
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