23.
10.18
08:16

China's grain imports are falling significantly

China's grain imports, such as millet, fell significantly in September from the same month last year. This is shown today by the customs reports. The trade conflict with the US and higher domestic prices are cited as a reason.
Imports of sorghum (millet), which are mainly used as animal feed in China, dropped by 76.9% compared with September 2017 to 90,000 tonnes. The import duties make the raw material more expensive if it is offered from the USA.
Market participants are surprised that imports are so high. Australia has become the sole and largest supplier.
Imports of corn come to 40,000 tonnes, 83.4% less than a year ago, and the lowest monthly value since November 2016. China's consumers bought relatively large quantities of corn overseas during the first few months of the year, using their duty-free quotas after corn prices had risen domestically.
The world market prices for sorghum and barley were not very attractive for China because too expensive, which leads to a reluctance to buy. Barley imports fell by 27.1% to 680,000 tonnes.
Meanwhile, imports of pork meat are increasing to 94,317 tonnes.Compared to the previous month, this is an increase of 8.4% pa.
China fights the highly infectious African swine fever (ASF) that broke out there in August for which there is no vaccine. After 40 reported outbreaks, more than 200,000 pigs were culled.
In the first nine months of this year, China imported 923,053 tons of pork. That was as much as the year before. But as the disease spreads, more pork imports will be needed.

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