This file photo shows farmers bagging their crop of harvested corn outside their home beneath a watchtower at the Hushan Great Wall on the outskirts of Dandong in northeast China's Liaoning province. Growing industrial consumption of corn in China saw estimations between September 2017 and September 2018 rounded up by 1.5 million tonnes to 2 million , according to a report by the country 's Ministry of Agriculture and Rural Affairs . Despite the rising demand , the price is expected to remain stable at between CNY1,600 ( $ 240 ) and CNY1,700 ( $ 270 ) per tonne , due to continued oversupply . The report added that any upward trend for corn prices will be stopped with the forthcoming auction of reserves , and said industrial appetite for corn is expected to increase .
Growing industrial consumption of corn in China saw estimations between September 2017 and September 2018 rounded up by 1.5 million tonnes to 2 million , according to a report by the country 's Ministry of Agriculture and Rural Affairs . Despite the rising demand , the price is expected to remain stable at between CNY1,600 ( $ 240 ) and CNY1,700 ( $ 270 ) per tonne , due to continued oversupply . The report added that any upward trend for corn prices will be stopped with the forthcoming auction of reserves , and said industrial appetite for corn is expected to increase .