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Analysis of China’s Imports of Main Grain Varieties, August, 2016  

2016-10-24 14:07:11|  分类: 对外贸易 |  标签: |举报 |字号 订阅

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Customs data show that China’s total import volume of main cereal and cereal products decreased year on year in August. Under the influence of price decline in domestic market, the import volume of grains dropped greatly except that wheat import volume increased slightly.

The import volume of raw grain of cereal and its powder excluding paddy, wheat, corn, barley, sorghum and flour was 24,000 tons in August, increasing 50.21% year on year. In addition, the import volume of dry cassava and cassava starch was 417,000 tons, decreasing 42.27% year on year, of which, 302,000 tons for dry cassava and 115,000 tons for cassava starch, respectively increasing 51.77% and 18.48% year on year. The total import volume (converted into dry cassava) was 437,000 tons, decreasing 40.85%. Decline of domestic corn price restrained imports of cassava and cassava starch.

Exports of main raw grains: the export volume of main grains including wheat, paddy, corn, barley, sorghum, etc. was 30,320 tons in August, increasing 49.91% year on year. Of that, the export volume of paddy, edible sorghum and corn respectively was 28,333 tons, 1687 tons and 300 tons.

As for imports of main grains, the import volume of wheat, paddy, corn, barley and sorghum totally was 1.534 million tons in August, decreasing 38.46% year on year and 19.7% month on month. The import volume of these five grains respectively was 347,700 tons, 187,700tons, 26,500 tons, 476,500 tons and 495,700 tons, decreasing -1.26%, 12.69%, 95.63%, 38.77% and 9.69% year on year respectively. Wheat imports mainly were influenced by quality decrease of wheat in south main producing area.

In addition, import volume of DDGS was 554,000 tons, decreasing 32.97% year on year but growing 43.9% month on month. Average import price was USD238/MT, increasing 28.97% from the month before.

Synthesizing imports of wheat, corn, paddy, barley, sorghum, dry cassava, cassava starch and DDGS, the total import volume of grain and grain products was 2.505million tons, decreasing 38.02% year on year. By varieties, in terms of import volume, except wheat and rice saw an increase of near 20%, the import volume of other products all saw sharp decline.

 

Table1  Imports Volume of Main Grain Varieties

 

Wheat

Rice

Corn

Barley

sorghum

Dried Cassava

DDGS

Total

2,014

2,972

2,557

2,599

5,413

5,776

8,564

1,906

5,578

35,366

2,015

2,973

3,350

4,730

10,731

10,700

9,199

1,820

7,128

50,631

Total,2016

2,429

2,329

2,960

3,027

4,982

5,255

1,205

2,647

24,833

Pro 2016

3,541

3,988

3,207

4,375

7,594

6,532

1,749

4,114

34,882

2016.8

348

188

27

476

496

302

115

554

2,505

%ByTotal

19.1

19.1

(32.2)

(59.2)

(29.0)

(29.0)

(3.9)

(42.3)

(31.1)

%ByM

1.3

(12.7)

(95.6)

(38.8)

(9.7)

(51.8)

19.5

(33.0)

(38.0)

 

As for the import price including tax (RMB), the import prices of various products all are much lower than that of domestic products, taking corn for example, the price of imported corn is much lower than the price of domestic corn, so imported corn for feed and deep processing consumption has obvious price advantage over domestic corn.

From the changes of import price including tax (RMB), the import prices of rice and corn rose up greatly. As for corn and dry cassava, the import prices declined from the month before, but the import prices of other products all increased obviously. Compared with previous lower import prices, import price of barley saw decline with decrease rate of 14.8%, while other products saw growth of import price with growth rate of over 6%. Import prices of corn and DDGS respectively increased 29.98% and 29.50%.

Table2 Table Imports Price of Main Grain Varieties,

Wheat

Rice

Corn

Barley

sorghum

Dried Cassava

Cassava starch

DDGS

CIF(US$/Mt)

251

464

241

216

210

190

378

238

1,817

VAT Price(Yuan/Mt)

1,817

3,355

1,746

1,594

1,536

1,360

3,084

1,791

1,865

%ByY

(13.9)

7.1

10.0

(19.8)

(28.8)

(21.4)

(14.7)

(19.8)

(22.2)

%BYM

5.9

5.9

(9.6)

2.1

5.0

(0.8)

(1.0)

9.6

(2.3)

%ByLow

10.6

8.4

27.0

(14.8)

6.3

10.0

3.3

29.5

2.2

 

Grain products: export volume of flour, corn starch and modified starch was 22,100 tons, increasing 56.12% year on year, which can be converted into about 34,040 tons grain. By varieties, the export volume of flour, corn starch and modified starch respectively was7, 842 tons, 9,804 tons and 4,482 tons, respectively increasing

-10.12%, 4.42 times and 38.78% year on year. Domestic grain prices are much higher than international prices, which also restrained exports of grain products.

Import volume of cereal products was 34,100 tons, increasing 8.97% year on year, which can be converted into about 52,400 tons grain. By varieties, the import volume of modified starch, flour and starch respectively was31,400 tons, 1,918 tons and 718 tons, increasing 5.83 times, 82.3% and  3.15 times year on year.

Synthesizing imports and exports of grain and grain products, China’s total export volume (converted into grain) of cereal and cereal products was 64,000 tons in August, increasing 53.14% year on year, while import volume (converted into grain) was 1.587 million tons, decreasing 37.56% year on year. The accumulative export volume of cereal and cereal products was 455,000 tons from January to August, increasing 15.7% year on year, while the accumulative import volume was 16.101million tons, decreasing 30.5% year on year. 

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