China

China’s surging corn prices blamed on speculators as Beijing plays down fears of grain shortage



China’s agriculture minister has blamed speculators for skyrocketing corn prices, as Beijing continues to reassure the public the world’s most populous country is not facing a grain shortage.Corn price recently hit an eight-year high following typhoons and floods that damaged the nation’s corn belt. A trip to the area by the South China Morning Post this month found swathes of cropland had been flattened, fuelling concern among local farmers about a steep drop in output.China’s imports of corn,…



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