The world's second largest corn producer announced an export quota this week of 500,000 metric tons, which is about 10% of levels seen in previous years. The country's government is hard at work building domestic stores of grain to avoid worries of food shortages.
The country had apparently been considering allowing as much as 5 million metric tons to be exported, according to a Bloomberg report. But
Analysts quoted by Dow Jones this week say the 2009 quota won't help ease the country's domestic supply pressure because global prices have fallen. The report also says
The new quota is low compared to