date:Aug 14, 2014
A drought in central China, billed as the worst in decades, is expected to have only a limited impact on the country's corn output as higher overall planted acreage this year compensates for any damage to crops, analysts said. Continued high domestic supply should keep a lid on overseas purchases of corn by China, the world's No 2 consumer, and also drag on global prices of the grain that have plunged more than 15 percent so far this year.
China is already sitting on a massive supply of the gr