In August, China imported 1.8 million tons of corn (-44% compared to August 2021), 530,000 tons of wheat (-25%), 250,000 tons of barley (-64%) and 670,000 tons of sorghum (-18%).
In the past two weeks, Chinese traders have bought about 30 carloads of soybeans from Argentina. Argentinian soybean prices are very competitive and demand from China is gradually increasing.
Over the period of 01.07 - 14.09.2022, 5,805 million tons of grain were exported from Ukraine (10,926 a year earlier), including 1,508 million tons in September (2,301 a year earlier).
According to the MARS forecast, the corn production in Ukraine will reach 32 million tons in 2022 (-24% compared to 2021 and -5% compared to the average five-year level).
India has banned the export of certain varieties of rice and imposed an export tax of 20% on others. The country has a share of 40% of the world's rice exports. An increase in the prices of rice and wheat is expected.
