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Corn futures slump

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Updated: 2007-06-20 10:46

Corn futures in China, the world's second-largest producer of the grain, fell to a five-month low on concern that the government's restriction on the production of corn-based ethanol may lead to a supply glut.

Prices also fell on expectations that the country may harvest more corn this year, analysts said.


(For more biz stories, please visit Industry Updates)