Tridge summary
In 2022, China's green fodder imports saw a 2.6% decrease but a significant 31% increase in prices. The majority of the imports, around 92%, were dried alfalfa, with the US being the primary supplier, despite a 2.2% drop. The price of alfalfa from the US rose by 33.8% to $541 per ton. Spain and South Africa were also significant exporters, with increases in price despite lower costs compared to the US. The rest of China's imports consisted of dried oats, mainly from the US.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
China's green fodder imports fell by 2.6% in 2022, while prices rose by nearly 31%, according to Chinese customs statistics, Dutch portal Nieuwe Oogst reported on Feb. 24. It is noted that the vast majority of imports are alfalfa from the United States. In total, China imported 1.94 million tons of dried green fodder worth $991 million, about €939.7 million, in 2022. Almost 92%, 1.79 million tons, of these imports were dried alfalfa. More than 78% of imported alfalfa, or 1.4 million tons, comes from the United States. This volume fell by 2.2%. On the other hand, the price of alfalfa imported from the United States rose by 33.8% to $541 or €513 per ton. Spain is also a major exporter to China. Of Chinese imports of alfalfa, 231,700 tons or 13% come from this country. Imports from Spain rose last year, probably due to the lower price. That price is up nearly 41%, but at $427 a ton, it's still well below the United States. The third major exporter to China is South ...
Source: Milknews
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