Wednesday, April 6, 2011

Japan's earthquake bring negative effect

Japan's huge earthquake, along with tsunami and nuclear woes, has attracted wide attention throughout the world, and the international community should work together to help the country to overcome this disaster. It is predicted this disaster will bring negative effect on Sino-Japan import and export business, including corn products import and export business. Mainly based on current high corn price, a deputy of the National People's Congress called on the government to further restrain domestic corn deep-processing industry, which caused wide controversies, and CCM views that the government should adjust its regulation direction towards corn deep-processing industry. Besides, news that citric acid export tax rebate may be cancelled from April 2011 is supporting citric acid export price to head up at present. 

Source from  【CCM Info】 :

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