China’s March corn imports from Myanmar surge, Ukraine cargoes rise
China’s corn imports from Myanmar soared in March, customs data showed on Wednesday, after Beijing allowed shipments from the Southeast Asian country as it looks to diversify grain imports.
China, the world’s top corn importer, brought in 16,408 tonnes of corn from Myanmar in March, up 640% from 2,530 tonnes a year earlier, data from the General Administration of Customs showed.
Beijing in February allowed corn imports from Myanmar, which produced about 2.45 million tonnes of the yellow grain and exported more than 70% of the crop in the 2020/21 year, data from the United States Department of Agriculture showed.
China’s corn imports from Ukraine in March also rose 64% to 1.36 million tonnes, customs data showed, even after Russian invasion in late February cut off grains supplies from the European country.
The increase was not surprising, however, as cargoes that cleared China customs in March should have sailed before the war and arrived earlier, traders said.
Corn arrivals from Ukraine were expected to fall sharply in April, they said.
Imports from the United States were at 1.04 million tonnes, on par with levels a year earlier, according to the data.
China’s corn imports soared to a record high last year, plugging a domestic supply gap, with shipments largely coming from the United States and Ukraine.
Source: Reuters (Reporting by Hallie Gu and Dominique Patton; Editing by Vinay Dwivedi)