China cut the purchase of grain from Ukraine almost in half

In January-October, China imported almost half as much Ukrainian grain as last year.

Since the beginning of the year, China imported 5.1 million tons of Ukrainian grain. Purchase volumes fell mainly due to supply disruptions in the Black Sea, Zheng Wenhui, a food economics researcher at the South China Grain Trade Center of Guangdong, told Yicai Global.

At the same time, China still remains dependent on corn supplies from Ukraine and the United States.

China’s total grain imports fell by 11% this year compared to last year, mainly due to international turmoil and weaker domestic demand. The volume of imported grain in China currently amounts to 133.2 million tons.

The price advantage of imported grain was also narrowed by the rise in global food prices and the strengthening of the US dollar against the Chinese yuan.

In addition, the decline in industrial feed production in China in the first half of the year led to a general decrease in demand for feed grain.