China has set the quantities of grain to be imported at reduced tariff rates

China's National Development and Reform Commission has determined the country's grain and cotton import quotas for which lower customs rates will be applied in 2024, China's Xinhua news agency reported. For wheat, the quantity is 9.636 million tons, of which 90% are set aside for state imports. In the case of corn, the quota for reduced customs importation into China is 7.2 million tons, of which 60% is set aside for the country. 5.32 million tons of rice will be imported at reduced customs rates, including 2.66 million long-grain rice and as much medium- ...