HONG KONG – China is still buying cargoes of soybeans, but some analysts are concerned that the spread of the Severe Acute Respiratory Syndrome virus could cut the country’s voracious demand for the grain. China is the country with the most cases of SARS. Authorities have shut schools in Beijing and on the weekend forced […] Read more
Stories by Nao Nakanishi
Chinese drought cuts corn, wheat
SINGAPORE – The drought hitting northeastern China for the second year may slash the upcoming wheat and corn crop to below the levels seen in 2000, traders say. But in the face of declining production, China is exporting wheat and corn to try to reduce large stockpiles of old grain. Some traders now expect China’s […] Read more