China’s imports of major agricultural products continued to increase fast in the first five months of the year, driven by price gaps between domestically produced products and imported products, according to the Ministry of Agriculture. Wheat imports between January and May reached 2.2 million metric tons, an increase of 67.3 percent year-on-year, while import of soybeans increased by nearly 20 percent to 37 million tons, and imports of beef rose by 14 percent during the period, compared with the same period last year, Wang Ping, deputy chief of the ministry’s Department of Market and Economic Information, said at a news conference on Monday [17 July 2017]…Full Article: China Daily July 2017

Key Point

  • From 2011 to 2016, Chinese grain imports increased on average by 32.2% per year, while meat and dairy products increased on average 24.9% and 16.6% per year, respectively.

ChinaAg Comment

  • From 2015 to 2016, Chinese (incl. Hong Kong and Macau) imports of soybeans increased from 81.7 million MTs to 83.9 million MTs, while imports of wheat increased from 2.9 million MTs to 3.3 million MTs. Brazil, the USA, and Argentina were the top soybean suppliers, while Australia, Canada, and the USA were the top wheat suppliers. Over the same time period, Chinese imports of frozen beef increased from 746,970 MTs to 927,967 MTs. The top beef suppliers were Brazil, Uruguay, Australia, the USA, New Zealand, and Argentina.

Hong Kong Trends

Similar Posts by ChinaAg

Spread the word. Share this post!