Corn Refiner Collapses As Northeast Economy Contracts

Global deflation and price supports, but so far no mention of debt. Except the debt owed to unpaid farmers.

FT: Collapse of China corn refiner leaves thousands of farmers unpaid
The shutdown of Asia’s largest maize refiner has left thousands of corn farmers in north-eastern China unpaid, adding to the unintended consequences of China’s policy of artificially propping up corn prices.
The recession in the Northeast is picking up steam.

No comments:

Post a Comment