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

Published 2024년 12월 18일

Tridge summary

China's corn imports decreased by almost 40% in the year to November, reaching 13.3 million tons, as the country had a record harvest. The presence of Brazil in corn exports also saw a decrease, due to a drop in local production after a record season in 2023, when China was Brazil's main customer. On the other hand, Chinese imports of sugar increased by almost 14% to around 4 million tons. Egypt and Vietnam have emerged as the main destinations for Brazilian cereal, replacing China.

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Original content

China's corn imports fell by almost 40% in the year to November, to 13.3 million tons, during a period in which the Asian country had a record harvest of the cereal, according to government data on Wednesday (18). The year 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 tons 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 data from the Brazilian government, which points to a dominance of Egypt and Vietnam as the main destinations until October. In the case of sugar, Chinese imports from all origins increased by almost 14% to around 4 million tons. China is Brazil's biggest sugar ...

Source: BRMoneytimes