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Argentina expects China corn business
02.12.2010 10:35 "Agro Perspectiva" (Kyiv) —
The Argentine government has signed a deal with corn exporters authorizing the first tranche of exports from the 201011 corn crop, agreeing to allow 5 million metric tons to be shipped starting Feb. 15, the national farm trade office, or Oncca, said in a press release Wednesday.
Argentina, the worlds second-largest corn exporter behind the U.S., tightly regulates corn and wheat exports, granting export permits only after domestic stocks have been covered.
The government is currently in talks to open corn exports to China. China has traditionally been a big corn exporter, but drought problems last season and soaring demand led China to import this year.
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