China is increasing its corn imports, which may increase the demand for Ukrainian corn

Since the beginning of 2023, China has increased its corn imports, which has added optimism to Ukrainian and American exporters, who are suffering from a decrease in global demand and prices. According to the customs service of the People's Republic of China, in February, compared to January, the import of corn grew by 41% to 3.1 million tons, and in the first two months of the new year, in total, it amounted to 5.3 million tons, which is 14% higher than the corresponding figure last year. In addition, during January-February, China imported: The competition for the Chinese market between the main corn exporters will intensify in the second half of the season. Ukraine needs to sell another 6 million tons of corn, and the European market is already oversaturated, so we can only hope for Chinese buyers who can intensify purchases after the continuation of the grain corridor. Corn exports from the US as of March 16 were only 17.5 million tons, or 37% of the USDA's forecast for this ...