Monday, May 28, 2007

Corn Prices Rise in Dalian as China Meat Production Recovers; Soybeans Up

(Bloomberg) -- Corn prices in China, the world's
second-biggest consumer of the grain after the U.S., rose on
speculation that demand for corn-based feed may rise as the
country's livestock industry recovers from animal diseases.

China's premier Wen Jiabao asked local governments to boost
pork output as surging meat prices stoke inflation and risk
undermining social stability, a report on the government's Web
site said after Wen toured Shaanxi province at the weekend.


Read more at Bloomberg Commodities News

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