January 21, 2011

 

China's 2010 corn imports escalate 1,762% 

 

 

China's corn imports skyrocketed 1,762%, to more than 1.57 million tonnes in 2010 from the previous year, according to the General Administration of Customs.

 

The country exported 5,764 tonnes of corn in September 2010, down by 36.3% from the previous month. Corn export value dropped 41.34% on-month to US$1.49 million. In the first nine months of last year, corn exports expanded by 24.6% on-year to 107,400 tonnes, with value hiking 30.2% to US$27.653 million.

 

The China Customs also posts that the country imported 985,300 tonnes of rapeseed oil, 1.23 million tonnes of strong gluten wheat and 388,200 tonnes of rice last year, leaping by 110.8%, 36.1% and 8.8% over a year earlier, respectively.

 

In the meantime, imported soyoil and palm oil shrank by 44% and 16.5% on-year to 1.34 million and 4.31 million tonnes respectively.