date:Aug 14, 2014
tral China, which accounts for about a fifth of the country's total corn production, is experiencing its worst drought in 40 years with rainfall at less than half of normal levels, state news agency Xinhua reported. But the drought-stricken areas are mostly centred on other crops, such as barley and soybeans, analysts noted.
The CNGOIC only slightly cut its estimate for China's 2014 corn output to 222.3 million tonnes, which would still be up 1.7 percent from a year ago. It had forecast a rise