China's corn import volume declines sharply in H1 2013 Summary: China imported 1.52 million tonnes of corn in H1 2013, down 36.73% year on year. Tags: China’s corn products, import volume, sources, China Customs, data, H1 2013 China's corn import volume increased hugely in the past years, but the uptrend stopped in H1 2013. According to the data from China Customs, China imported 1.52 million tonnes of corn in H1 2013, down 36.73% year on year. The import volume of corn from other regions (not include new sources) except for the Russian Federation all witnessed a decrease in H1 2013, compared with that in H1 2012. The import volume of corn from the US, the largest source of China's corn import, was 1.51 million tonnes in H1 2013, down 36.28% year on year. At present, China's corn import is extremely dependent on the US. In 2012 and 2013, the import volume of corn from the US accounted for over 98% of the total corn import volume in China. To change this situation, China is trying to import more corn from other countries. In H1 2013, China imported corn from four new sources, namely India, Brazil, Ukraine and Chile. Besides, it is reported that China has recently imported 60,000 tonnes of corn from Argentina. It's the first time for China to import such a large amount of corn from Argentina (please refer to COFCO to import 60,000 tonnes of corn from Argentina in 2013 in Corn Products China News 1306 for more details). It is estimated that the import volume of corn from other countries (excluding the US) will increase quickly in the future. The huge decrease of China's corn import volume was mainly attributed to two reasons. Firstly, there was an abundant supply of corn in the domestic market, as there was a record corn harvest in China in 2012. Secondly, the demand for corn was weak in H1 2013. The corn demand from the feed industry was impacted by the H7N9 in this period, and the corn deepprocessing industry was also depressed during this period, which further impacted the demand for corn. However, China's corn import volume still has the chance to exceed the one in 2012. It's expected that there will be a bumper corn harvest in the US in this season, which may bring down its corn price. In contrast, Chinese government will continue to increase the purchase prices of corn in 2013/2014, which will make the US corn more competitive. Compared with the corn import volume, China's corn export volume has been very small in recent years. In H1 2013, China exported 17,645 tonnes of corn, down 41.80% year on year. Like that in 2012, the corn was exported to North Korea. Source: Corn Products China News issued by CCM in August.
Table Contents of Corn Products China News 1308: Furfural in short supply recently China's corn import volume declines sharply in H1 2013 Chinese corn products Imp. & Exp. analysis in June 2013 Export business can not help solve oversupply of China's corn starch Price update of corn products in Aug. 2013 Ex-works price of MSG enjoys an uptrend recently Ex-works price of starch sugar experiences downtrend in H1 2013 Fufeng Group satisfied with the result of xanthan gum anti-dumping investigations Changshouhua Food's net profit to increase by 35%-40% in H1 2013 North China Pharmaceutical to issue 250 million shares non-publicly Resurgence of H7N9 may cause decrease in demand for feed Opinion solicitation for Approved Feed Additives (2013) conducted MOF adjusts the dumping margins of the imported nucleotide food additives Corn Products China News, a monthly publication issued by CCM on 20 th, features “Supply and Demand”, “Import and Export Analysis”, “Price Update”, “Market & Company Dynamics”, “Policy”, “Corn Supply” and other more information researched and reported by CCM’s professional journalists. It is a reliable intermediate for you to know more about the corn industry in China even in the globe. About CCM CCM is dedicated to market research in China, Asia-Pacific Rim and global market. With a staff of more than 150 dedicated highly-educated professionals, CCM offers Market Data, Analysis, Reports, Newsletters, Buyer-Trader Information, Import/Export Analysis, and Consultancy Service. For more information, please visit http://www.cnchemicals.com. Guangzhou CCM Information Science & Technology Co., Ltd. 17th Floor, Huihua Commercial & Trade Mansion, No.80 Xianlie Zhong Road, Guangzhou 510070, China Tel: 86-20-37616606 Email: econtact@cnchemicals.com