China, the world's second-largest corn producer, sold 34,396
tons of the 498,884 tons of the grain it offered in a series of
nationwide auctions yesterday, part of government measures to cool
rising food inflation.
The grain from stockpiles in seven municipalities and provinces
fetched an average price of 1,740 yuan (US$239) a ton, the base
price, said the Anhui Grain and Oils Information Center on its
Website yesterday.
(Shanghai Daily January 3, 2008)
