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China Corn Rallies as Beijing Signals Support for Ethanol Plan

Business News/Analysis, China, Feedstocks, Field/Orchard/Plantation Crops/Residues, Policy
August 25, 2018
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by Hallie Gu, Josephine Mason  (Reuters)  China corn futures rallied on Thursday after the central government said it would promote the use of ethanol in vehicles, its first public statement on its ambitious biofuel policy in almost a year.

China will promote the use of ethanol in 15 regions this year, including the Beijing and Tianjin municipalities and Hebei province, according to a post on the government’s official website that summarized a Wednesday meeting of the nation’s State Council.

…

The gains also followed customs data released on Thursday showing a big drop in corn imports in July after Beijing imposed hefty tariffs on shipments from the United States as part of its trade conflict.

…

Beijing will lay out plans for grain-based ethanol production and accelerate the construction of cassava-based ethanol plants, the government posting said.    READ MORE

China supports natural gas, ethanol to promote clean energy (China Economic Net)

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Chinacorn pricescorn/maizeethanol/bioethanolimport/exporttariffsTrade PolicyTransportation Fuels Policy
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