MySheen

Grain News: China imported 2.35 million tons of grain in February

Published: 2024-11-08 Author: mysheen
Last Updated: 2024/11/08, China imported 2.35 million tons of grain in February, according to information released by the General Administration of Customs, China imported 2.35 million tons of grain and cereal flour in February, with a cumulative import of 4.77 million tons in the previous two months, an annual increase of 38.7 percent. China imported 4.26 million tons of soybeans in February and 11.14 million tons in the previous two months.

China imported 2.35 million tons of grain in February, according to information released by the General Administration of Customs, China imported 2.35 million tons of grain and cereal flour in February, with a total import of 4.77 million tons in the previous two months, an annual increase of 38.7 percent. China imported 4.26 million tons of soybeans in February and 11.14 million tons in the previous two months, an annual increase of 3.9 percent. China imported 230000 tons of edible vegetable oil in February and 690000 tons in the previous two months, a decrease of 50.9 percent.

It is said that China will rotate 13-1.5 million tons of soybeans, according to media reports, China has begun the rotation of state-owned reserve soybeans out of the warehouse, the rotation capacity is 13-1.5 million tons. The annual rotation of soybean reserves in China is usually 150-1.8 million tons. The reserve selected four large crushing plants to sell soybeans, which are close to the reserve. The market believes that Brazilian August soybeans will be imported to replenish the inventory of this round. Stockpiled soybean shipments helped to complement the decline in shipments in the United States and Brazil in February. Brazil shipped 2.3 million tons of soybeans to China in February, while the United States shipped about 2.2 million tons, which was about 20 per cent lower than in the same period last year.

 
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