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China Agri News 150618

Many corn ethanol producers in northeast China are still in negative margin even with gov subsidy of 150~200 rmb/t. The demand for gov auctioned corn stays weak

China importers priced down some DDGS from US due to Vomitoxin level reached 2~3%, higher than 1% of the last year.

China palm oil stock at major harbors bounced back to 0.46mmt . Analysts expected China Q2 palm oil import to increase 50% on Q1.

China traders switched back to long meals short veg oils strategy for both Malaysia and Indonesia failed to show effect of El Nino on palm oil production in May.

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