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 . . .
To continue reading, please subscribe. You will get
- IN-DEPTH & DATA-DRIVEN reporting about key trends in China's economy and financial markets
- THE WIRE - Up-to-the-minute updates of market-moving news and views. We want you to be the first to know it when something important happens.
- DETAILS - We bring you details that you won't find elsewhere. General information about China is everywhere, but information with details and relevant to your investment is rare.
We highly value independence. We are solely funded by subscriptions from intelligent readers like you.
Already have an account? Sign In