Thu, Oct 2, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Commentaries, Market Moves more

China set to add fuel to commodities rally

Posted on 28 October 2010

From Indiatimes.com: China, wrongfooted by a blistering rally in corn, cotton and sugar markets , could be forced to replenish strategic reserves run down in a failed attempt to cool prices. Purchases by the world’s biggest consumer of cotton and the second-largest consumer of corn and sugar would provide fresh bullish momentum to prices already near record or multi-year peaks.
China, which buys around 60% of soybeans traded across the world, could be in the market to take more than 5 million tonnes of corn in 2011, according to some analysts, quadruple its buys this year and potentially making it the world’s fifth largest importer. The country is already the world’s No. 1 cotton importer……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

 Article link

This post was written by:

VRS - who has written 37241 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031