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    Home > Food News > Food Articles > China's soybean, corn and wheat imports surge in the first quarter of 2021

    China's soybean, corn and wheat imports surge in the first quarter of 2021

    • Last Update: 2021-04-17
    • Source: Internet
    • Author: User
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    News from April 13th: The preliminary data released by foodmate.
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    html" class="zdbq" title="Soy-related food information" target="_blank">soybeans , foodmate.
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    html" class="zdbq" title="Corn related food information" target="_blank">corn , foodmate.
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    html" class="zdbq" title="Wheat-related food information" target="_blank">wheat and other foodmate.
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    html" class="zdbq" title="Cereal-related food information" target="_blank">grains increased significantly in the first quarter .
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      China's soybean imports reached 7.
    77 million tons in March, an increase of 82% year-on-year because of the earlier delay of Brazilian soybean cargo clearance at Chinese ports.
     
      China imported 21.
    18 million tons of soybeans in the first three months of this year, an increase of 19% from 17.
    79 million tons in the same period last year.
     
      The rainy weather in Brazil from January to February of this year led to slow soybean harvesting and delays in port shipments.
    However, the early delayed cargo has begun to arrive at Chinese ports.
     
      Analysts said that China's strong feed demand will help boost China's soybean import demand.
     
      Last Friday, the US Department of Agriculture maintained its forecast for China's soybean imports for 2020/21 unchanged at 100 million tons.
     
      Analysts said that China's soybean imports will remain high in the coming months.
    With the concentrated arrival of imported soybeans, the demand for the pig industry may be affected by the epidemic in Africa, which may result in damage to soybean crushing profits.
     
      The outbreak of African swine fever in some areas in China this year may reduce the number of pigs in North China by as much as 20%, which will limit the demand for soybean meal and put pressure on soybean imports and prices.
     
      On April 13, China’s weekly soybean meal stocks were 797,900 tons, higher than the 477,000 tons at the end of January.
    Soybean stocks declined slightly to 4.
    4 million tons.
     
      Corn and wheat imports surge
     
      China's corn and wheat imports surged in the first quarter, because of domestic supply shortages, corn prices rose.
     
      In the first quarter, China imported 6.
    727 million tons of corn, a year-on-year increase of more than five times; in the first quarter, China’s wheat imports reached 2.
    925 million tons, more than doubled year-on-year.
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    html" class="zdbq" title="China related food information" target="_blank">China foodmate.
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    html" class="zdbq" title="Customs related food information" target="_blank">Customs foodmate.
    net/tag_269.
    html" class="zdbq" title="Soy-related food information" target="_blank">Soybean foodmate.
    net/tag_2319.
    html" class="zdbq" title="Corn related food information" target="_blank">Corn foodmate.
    net/tag_2057.
    html" class="zdbq" title="Wheat-related food information" target="_blank">Wheat foodmate.
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    html" class="zdbq" title="Cereal-related food information" target="_blank">Grain foodmate.
    net/tag_951.
    html" class="zdbq" title="Import related food information" target="_blank">Imports
     
      China's soybean imports reached 7.
    77 million tons in March, an increase of 82% year-on-year because of the earlier delay of Brazilian soybean cargo clearance at Chinese ports.
     
      China imported 21.
    18 million tons of soybeans in the first three months of this year, an increase of 19% from 17.
    79 million tons in the same period last year.
     
      The rainy weather in Brazil from January to February of this year led to slow soybean harvesting and delays in port shipments.
    However, the early delayed cargo has begun to arrive at Chinese ports.
     
      Analysts said that China's strong feed demand will help boost China's soybean import demand.
     
      Last Friday, the US Department of Agriculture maintained its forecast for China's soybean imports for 2020/21 unchanged at 100 million tons.
     
      Analysts said that China's soybean imports will remain high in the coming months.
    With the concentrated arrival of imported soybeans, the demand for the pig industry may be affected by the epidemic in Africa, which may result in damage to soybean crushing profits.
     
      The outbreak of African swine fever in some areas in China this year may reduce the number of pigs in North China by as much as 20%, which will limit the demand for soybean meal and put pressure on soybean imports and prices.
     
      On April 13, China’s weekly soybean meal stocks were 797,900 tons, higher than the 477,000 tons at the end of January.
    Soybean stocks declined slightly to 4.
    4 million tons.
     
      Corn and wheat imports surge
     
      China's corn and wheat imports surged in the first quarter, because of domestic supply shortages, corn prices rose.
     
      In the first quarter, China imported 6.
    727 million tons of corn, a year-on-year increase of more than five times; in the first quarter, China’s wheat imports reached 2.
    925 million tons, more than doubled year-on-year.
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