24.
06.15
16:20

China cancelled imports DDGS

Chinese imports of distillers ´ dried grains (DDGS) fell at 485.668 tons in May. Compared to the same month in the previous year that was about a quarter less. Dealers report that buyers have canceled some orders and rejected shipments, to avoid losses.
The world's largest buyer of DDGS, a byproduct of ethanol is making China corn, which is used as animal feed. So can corn and or soybean meal will be replaced in the compound. Lower prices for soybean meal now meant that less DDGS is used because the profit margins for this fall. China buys nearly all DDGS imports in the United States, who are the main exporters worldwide.
Meanwhile, Chinese traders have cancelled two boatloads and they could cancel further six deliveries, said dealers in the United States. In China the prices of futures contracts on soybean meal fell yesterday to its lowest level since August, because Chinese pig on a ten-year low has fallen. The drop in demand causes some dealers to do so after feed to cancel their orders for a compensation payment.
Most orders have been made already in the last year, as prices in the United States were higher. Meanwhile imports bring a loss of $80,56 per tonne to buyers, if you wanted to sell them on the domestic market. In may, the DDGS imports were lower than in April, the largest amount in eight months was imported as around 20%. Beijing had rejected previously almost all imports from the United States because of genetically modified components.
In addition, China is the second largest importer of maize. 381.806 tonnes from the Ukraine in the country came in May. Meanwhile, nearly all maize supplies from the Black Sea region will be involved. The import of feed corn rose last year by 410% to 403.881 tons. The Ukraine provides a loan agreement from the year 2012.

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