News

China sharply cut grain imports in October

China
Published Nov 25, 2022

Tridge summary

A total of 550,000 tons of corn were imported by China in October 2022, down 58% from last year, barley imports fell by 74%, and sorghum by 34%, to 610,000 tons, The Western Producer reported Nov. 24.

Original content

“It looks like China will reduce its consumption of feed grains in the new year compared to previous years,” said Dan Basse, president of AgResource. He cited several possible reasons for China's decline in feed grain purchases. “There is information that China has again allowed feed additives that were banned during the African swine fever epidemic,” Basse said. Additives include restaurant waste. China used to feed 34 million tons of table waste a year to pigs. “Because of the ban over the past couple of years, China has bought corn, but now they are probably waiving (the ban),” Basse muses, noting that it is difficult to verify rumors coming from China. The era of the coronavirus. The United States Department of Agriculture (USDA) forecasts that China will import 18 million tons of corn this season. In the previous year it was 21.9 million tons and 29.5 million tons the year before. Basse agrees with experts who believe Chinese purchases could fall to 15 or 16 million tons. ...
Source: Zol
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