News Snapshot:
Full year China Customs data show October 2020 to September 2021 imports of coarse grains, that is, corn, sorghum, and barley (figure 1) totalled 50.2 million tonnes (Mt), doubling the previous record set in 2014/15. Imports of corn and barley each reached new highs, while sorghum reached the second-largest volume on record. Major suppliers for corn were US 69pc and Ukraine, 29pc; for sorghum US 77pc, and Argentina 14pc; for barley, Canada 29pc, France 26pc, and Ukraine 26pc. The import growth can be attributed to a convergence of events. Aside from the implementation of the US- China Phase One agreement,...
