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BUZZ-China corn futures jump on Beijing's plans for national ethanol mandate

BEIJING, Sept 14 (Reuters) - Chinese corn futures jumped
almost 2 percent on Thursday, a day after state media revealed
Beijing plans to roll out national requirements for ethanol
blending in gasoline by 2020.

**The most active corn contract on the Dalian
Commodity Exchange was up about 1.9 percent to 1,717 yuan per
tonne at 0236 GMT, the biggest daily gain in more than three
months

**Beijing's plan would see a major increase in demand for
corn, the key feedstock for ethanol production, lifting the
price of the grain, said analysts

**China's production of corn-based ethanol was less than 2
million tonnes in 2016, the China National Grain and Oils
Information Center said in a report

**Nationwide blending of ethanol in gasoline could require
an additional 30 million tonnes of corn, it added
(Reporting by Dominique Patton)

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