How do you solve a problem like China’s excess corn stocks?
Use it to make translucent film for greenhouses is one answer, its most influential agricultural expert said on Monday, as Beijing casts about for ways to rid itself of unwanted stores of corn and other agricultural commodities built up in recent years.
The end of China’s failed minimum price policy for corn has forced a restructuring of the state-owned agricultural industry, caused corn acreage to drop and revived domestic private trading. But it has left the state with piles of grain of deteriorating quality, purchased at above-market prices.
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