Farm Product Imports & Exports in October

By CnAgri2012-12-07 11:06:34 Print According to the customs, China’s farm product imports and exports valued $8.57 billion and $5.22 billion respectively in October, suggesting a trade deficit of $3.35 billion, up 17.6%, 7.6% and 37.3% respectively on the year-on-year basis.
 
Farm product imports and exports valued $91.4 billion and $50 billion respectively in January ~ October, suggesting a deficit of $41.35 billion, up 23.9%, 4.5% and 59.8% respectively on the year-on-year basis.
 
Grain (including tuber crops and beans) imports registered 5.6 million MT in October, valuing $3.29 billion, up 18.9% and 32.7% respectively on the year-on-year basis.
 
Grain import volume and value registered 67.5 million MT and $34.6 billion respectively in January ~ October, up 33.9% and 29% respectively on the year-on-year basis. Grain import volume and value are predicted to hit a record high of 80 million MT and $40 billion respectively in 2012.
 
Grain import price was $587.5/MT in October, up 5.7% over the month before and up 11.6% on the year-on-year basis. Grain import price averaged $513/MT in January ~ October, down 3.7% on the year-on-year basis. Low price stimulated grain imports.
 
     

From “China Grains Market Weekly Report”