China to increase grain imports this season
The Foreign Agricultural Service of the U.S. Department of Agriculture (FAS USDA) forecasts that China will increase grain imports this season.
Corn imports will increase to 8.0 million tons (1.8 million tons last season), wheat to 6.0 million tons (4.2 million tons), barley to 10.5 million tons (10.3 million tons), and sorghum to 7.6 million tons (5.5 million tons).
Due to the insufficient quality of grain harvested by Chinese farmers this season, China will be forced to increase imports of high-quality wheat and corn. Imported sorghum will be used by Chinese processors to replace other, more expensive feed crops.
Further development of the grain and oilseed markets of Ukraine and the Black Sea region will be in the spotlight of the BLACK SEA GRAIN. KYIV conference, taking place on April 22–23 in Kyiv. The event will focus on strategic directions for the agricultural sector through 2030, including investments, energy independence, processing, and exports of high-value products.
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