14.
07.15
13:16

Maize and sorghum imports: Chinese experts disagree with USDA report

Traders expect a decline of 30% in Chinese imports of sorghum in 2015/16. The Government in Beijing wants to reduce intervention prices for maize of harvesting new, what could worsen the trade margins for cheap imports of substitutes. Therefore, the importers with orders hold back. Also the cost of the rail transport intends to, lower through subsidies what corn is to inspire the use of Chinese.
China is the largest customer of sorghum imported mostly from the United States in the world. Sorghum is a cheap substitute for maize in the feed, which is rated 30% above world market levels relatively high in China by subsidies.
In his report the USDA came by last Friday by an equal-sized corn import as in the previous year from 9 million tons for China. The report is now contradicted by Chinese observers. Higher U.S. prices for maize and sorghum resulted in already that avoid importers, for example, on barley. Barley from Australia, Canada and France currently costs $240 per tonne cif, Black Sea barley even only $210 per tonne. Sorghum of the new crop is traded at $270 per tonne.
China had imported the record amount of 1 million ton of sorghum in May and comes in the first five months to 4.27 million tons, which is 51% higher than the amount of the previous year. The uncertainty about China's import and subsidy policy compels importers in a waiting stance.

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