The Agricultural Development Bank of China (ADBC) recently urged the government to accelerate the sales of reserve grains and cottons. Borrowing for the stockpiling of farm products accounted for 70 percent of the bank's total loans in 2013, and the returns have been too low to even cover the costs. Excessive Pork Supply Continues To Drive Price Down After falling 9 percent in February, the most in more than one year, China's pork prices remain weak in March. The hog price averaged $1.92/kg during the week of 17 March, nearly 12 percent down year-on-year. Hog breeding in most areas suffered losses of more than $33/head, which was triple the amount experienced last year. In Guangdong province, the hog price has been on a downward trend for...

TAGS – Feed Grains, Soy & Oilseeds, Livestock, Softs