China's grain and oilseed imports will remain high in 2024
Wheat
Published Mar 25, 2024
Tridge summary
China's imports are projected to rise in 2024, with a surge in trade activity expected from April. The country is set to continue buying high-quality consumer wheat from the US, Canada, and Australia due to the predicted low quality of its own grain. In the first two months of 2024, China's corn imports rose by 16% to 6.19 million tons, and barley imports nearly tripled to 2.71 million tons. In the previous year, China's expenditure on agricultural imports reached $234 billion.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
At the beginning of 2024, Chinese imports are increasing Market participants expect China's trade activity to pick up from April, and the country's total imports in 2024 will be similar to the previous year. According to StoneX, China will continue to purchase high-quality consumer wheat from the US, Canada and Australia to mix it with its own grain, the quality of which is expected to be very low in 2024 due to unfavorable weather conditions. In the first two months of 2024, China imported 6.19 million ...
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