China published the list of permitted grain exporters

Published Jan 18, 2021

Tridge summary

China's customs administration has expanded the list of countries and regions permitted to export grains and raw plant-based fodder to China, leading to a surge in import volumes. In 2020, China imported over 129.2 million metric tons of grains, marking a 29.6% increase from the previous year. The majority of these imports were soybeans and corn, primarily used for livestock feed. The rise in grain imports is attributed to increased domestic demand and lower prices of foreign grains compared to domestic ones. The COVID-19 pandemic has also caused global grain prices to reach record highs, with an increasing number of countries warning of a grain crisis as supply chains are disrupted.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

China’s General Administration of Customs recently published its “List of Countries/Regions Permitted to Export Grains and Raw Plant-based Fodder to China,” which expands the total numbers of permitted grains and tubers to nine and three, respectively. Since 2019, China has added Benin and Tanzania to its list of permitted soybean exporters, in addition to granting market access to wheat from Lithuania, barley from the U.S. and Russia, potatoes from the U.S. and sweet potatoes from Laos. As the numbers of permitted grain exporters and products have grown, China’s import volumes have reached an all-time high. According to customs data from December, China imported a total of over 129.2 million metric tons of grains between January and November 2020, representing a year-on-year increase of 29.6% (29.48 million tons). Over 14.06 million tons of grains were imported in November, with soybean imports increasing by 17.5% and corn imports increasing by a staggering 122.8%. Grain imports ...

Source: Producereport