China's corn imports fall nearly 40% this year; sugar purchases increase

Published 2024년 12월 18일

Tridge summary

China's corn imports have decreased by nearly 40% to 13.3 million tonnes between January and November due to a record harvest. The country's reliance on Brazil for corn imports has also reduced, as Brazil's production has dropped following a record season in 2023. On the other hand, Chinese sugar imports have risen by nearly 14% to around 4 million tonnes. Egypt and Vietnam have emerged as the primary recipients of Brazilian cereal, replacing China.

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Original content

BEIJING (Reuters) - China's corn imports fell nearly 40% year-to-date through November to 13.3 million tonnes, as the Asian country enjoyed a record harvest of the cereal, according to government data on Wednesday. 2024 was also marked by a smaller presence of Brazil in corn exports, amid a drop in local production after a record in the 2023 season, when China was Brazil's main customer. Last year, Brazil alone exported more than 16 million tonnes to China, a volume greater than what the Asian country bought from all this year. This year, China is no longer the main destination for Brazilian cereal, according to Brazilian government data, which points to Egypt and Vietnam as the main destinations through October. In the case of sugar, Chinese imports from all origins increased nearly 14% to around 4 million tonnes. China is Brazil’s biggest sugar customer, exporting more than 2.8 million tonnes to the Asian country from ...

Source: NoticiasAgricolas