On August 31, the data released by the Ministry of Agriculture showed that from January to July, China's agricultural product trade deficit was US$13.05 billion, an increase of 61.9%. Among them, grain imports increased by 66%, and corn imports even expanded 56 times.
A number of experts interviewed by the reporter of the “Daily Economic News†stated that at present, there is no major problem in the supply and demand of domestic food. With the rebound of international grain prices, the momentum of high growth in grain imports is expected to be controlled. However, it needs to be vigilant that the deep processing of corn will cause an increase in demand for corn to a certain extent, which will lead to an increase in its import volume.
Imports of maize increased 56 times year-on-year. Ministry of Agriculture data showed that from January to July, China's total import and export of agricultural products totaled 65.31 billion U.S. dollars, a year-on-year increase of 29.1%. Among them, exports were 26.13 billion U.S. dollars, up 22.9%; imports were 39.18 billion U.S. dollars, up 33.6%; trade deficits were 13.05 billion U.S. dollars, up 61.9%.
In terms of sub-categories, the most significant increase in imports was in cereals and cotton. From January to July, the import of cotton was 1.712 million tons, up 97.6% year-on-year, the import amount was 3.03 billion US dollars, an increase of 1.7 times year-on-year; the import of cereals was 2.96 million tons, an increase of 66.0% over the same period; the import amount was 800 million US dollars, an increase of 58.2% over the same period of last year. Imports of 2.204 million tons, an increase of 1.3 times year on year.
It is worth noting that, in terms of grain imports, imports of corn from January to July totaled 282,000 tons, an increase of 56 times year-on-year; wheat imports reached 1.023 million tons, a year-on-year increase; rice and rice imports were 205,000 tons, an increase of 42.6%; barley Imports of 1.389 million tons, an increase of 26.7%.
Regarding the reasons for the sharp increase in grain imports, Zhou Sianran, a food industry researcher of China Investment Consulting Group, said in an interview with the reporter of the “Daily Economic News†that the main reason is that there has been frequent domestic disasters this year and there are signs of production cuts. At the same time, domestic food prices have risen, and the import price difference has been higher. Big.
Not to be overlooked is that in the first half of the corn import surge, based on the July corn imports up to 194,000 tons, more than twice the total amount of the previous six months. At the same time, the year-on-year increase in domestic corn prices has exceeded 20% this year.
Li Ninghui, director of the Agricultural Policy Research Office at the Chinese Academy of Agricultural Sciences, cautioned that the rising factor in corn imports, in addition to the farmers' demand for feed, is a small part of the use of corn-based ethanol gasoline projects.
However, judging from the current total corn imports, it does not constitute a domestic shock. Wang Qi, corn industry consultant of Dalian Yigu Information Consulting Co., Ltd. said: "China has signed corn import volume of about 1.26 million tons this year, while domestic production is about 1.5 to 160 million tons, and imports only account for 1%."
Experts: Limiting Maize Deep Processing Capacity It is understood that the annual corn consumption in China is about 150 million tons, of which the annual growth of consumption of food and feed is relatively stable, but the growth rate of demand for industrial corn has exceeded 20% in recent years. For example, in 2008 about 40% of corn in Jilin Province was used to develop grain processing, and the demand for deep processing exceeded the demand for feed processing.
On August 26, Zhang Ping, director of the National Development and Reform Commission, pointed out at the 16th meeting of the Standing Committee of the 11th National People's Congress that "we must strengthen the regulation of corn and soybean processing industries to prevent the blind expansion of corn deep processing and soybean crushing capacity." , "According to the principle of "not competing with the grain and not competing with people", moderately develop deep processing of grain, among which maize must give priority to the development needs of the breeding industry."
“It can be seen from this that the state will have certain restrictions on the development and expansion of deep-processing enterprises, thereby reducing the high demand for corn that will result.†Guo Chun'ai, a corn analyst at China GrainNet, told the Daily Economic News reporters. The call for halting the corn-to-ethanol fuel project coincided.
Prior to this, the China Business Federation’s Petroleum Distribution Committee had submitted a letter to the National Development and Reform Commission calling for an immediate halt to the domestic corn-to-ethanol-to-ethanol project because some domestic ethanol processing plants have snapped up new listings in order to obtain a national subsidy and tax exemption policy of 1,880 yuan per ton. Corn has caused a serious shortage of feed corn for the livestock industry.
On August 23, the relevant state departments again revised the details of the temporary storage corn auction, and imposed more stringent requirements on the qualifications of the participating companies. This was also the fifth time since the end of May the corn auction rules were revised. The purpose of many amendments is to avoid food sources entering the trading sector and giving priority to the needs of feed and aquaculture companies.
Guo Chun'ai believes that under the premise that China's corn production remains stable, with the rigid growth in demand for corn, the supply and demand of corn will gradually develop from a balance of surplus in previous years to a tight supply and demand. In order to avoid the occurrence of undersupply, it should be To a certain extent, it restricts grain for deep processing.
A number of experts interviewed by the reporter of the “Daily Economic News†stated that at present, there is no major problem in the supply and demand of domestic food. With the rebound of international grain prices, the momentum of high growth in grain imports is expected to be controlled. However, it needs to be vigilant that the deep processing of corn will cause an increase in demand for corn to a certain extent, which will lead to an increase in its import volume.
Imports of maize increased 56 times year-on-year. Ministry of Agriculture data showed that from January to July, China's total import and export of agricultural products totaled 65.31 billion U.S. dollars, a year-on-year increase of 29.1%. Among them, exports were 26.13 billion U.S. dollars, up 22.9%; imports were 39.18 billion U.S. dollars, up 33.6%; trade deficits were 13.05 billion U.S. dollars, up 61.9%.
In terms of sub-categories, the most significant increase in imports was in cereals and cotton. From January to July, the import of cotton was 1.712 million tons, up 97.6% year-on-year, the import amount was 3.03 billion US dollars, an increase of 1.7 times year-on-year; the import of cereals was 2.96 million tons, an increase of 66.0% over the same period; the import amount was 800 million US dollars, an increase of 58.2% over the same period of last year. Imports of 2.204 million tons, an increase of 1.3 times year on year.
It is worth noting that, in terms of grain imports, imports of corn from January to July totaled 282,000 tons, an increase of 56 times year-on-year; wheat imports reached 1.023 million tons, a year-on-year increase; rice and rice imports were 205,000 tons, an increase of 42.6%; barley Imports of 1.389 million tons, an increase of 26.7%.
Regarding the reasons for the sharp increase in grain imports, Zhou Sianran, a food industry researcher of China Investment Consulting Group, said in an interview with the reporter of the “Daily Economic News†that the main reason is that there has been frequent domestic disasters this year and there are signs of production cuts. At the same time, domestic food prices have risen, and the import price difference has been higher. Big.
Not to be overlooked is that in the first half of the corn import surge, based on the July corn imports up to 194,000 tons, more than twice the total amount of the previous six months. At the same time, the year-on-year increase in domestic corn prices has exceeded 20% this year.
Li Ninghui, director of the Agricultural Policy Research Office at the Chinese Academy of Agricultural Sciences, cautioned that the rising factor in corn imports, in addition to the farmers' demand for feed, is a small part of the use of corn-based ethanol gasoline projects.
However, judging from the current total corn imports, it does not constitute a domestic shock. Wang Qi, corn industry consultant of Dalian Yigu Information Consulting Co., Ltd. said: "China has signed corn import volume of about 1.26 million tons this year, while domestic production is about 1.5 to 160 million tons, and imports only account for 1%."
Experts: Limiting Maize Deep Processing Capacity It is understood that the annual corn consumption in China is about 150 million tons, of which the annual growth of consumption of food and feed is relatively stable, but the growth rate of demand for industrial corn has exceeded 20% in recent years. For example, in 2008 about 40% of corn in Jilin Province was used to develop grain processing, and the demand for deep processing exceeded the demand for feed processing.
On August 26, Zhang Ping, director of the National Development and Reform Commission, pointed out at the 16th meeting of the Standing Committee of the 11th National People's Congress that "we must strengthen the regulation of corn and soybean processing industries to prevent the blind expansion of corn deep processing and soybean crushing capacity." , "According to the principle of "not competing with the grain and not competing with people", moderately develop deep processing of grain, among which maize must give priority to the development needs of the breeding industry."
“It can be seen from this that the state will have certain restrictions on the development and expansion of deep-processing enterprises, thereby reducing the high demand for corn that will result.†Guo Chun'ai, a corn analyst at China GrainNet, told the Daily Economic News reporters. The call for halting the corn-to-ethanol fuel project coincided.
Prior to this, the China Business Federation’s Petroleum Distribution Committee had submitted a letter to the National Development and Reform Commission calling for an immediate halt to the domestic corn-to-ethanol-to-ethanol project because some domestic ethanol processing plants have snapped up new listings in order to obtain a national subsidy and tax exemption policy of 1,880 yuan per ton. Corn has caused a serious shortage of feed corn for the livestock industry.
On August 23, the relevant state departments again revised the details of the temporary storage corn auction, and imposed more stringent requirements on the qualifications of the participating companies. This was also the fifth time since the end of May the corn auction rules were revised. The purpose of many amendments is to avoid food sources entering the trading sector and giving priority to the needs of feed and aquaculture companies.
Guo Chun'ai believes that under the premise that China's corn production remains stable, with the rigid growth in demand for corn, the supply and demand of corn will gradually develop from a balance of surplus in previous years to a tight supply and demand. In order to avoid the occurrence of undersupply, it should be To a certain extent, it restricts grain for deep processing.
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