China's imports of corn and rice decreased by 40% in the first 11 months, soybeans and rapeseed increased, and wheat imports hit a new low in November

According to the feed industry information website, China's imported grain data for the first 11 months:

Corn:

The import volume of corn in China in November 2024 was 300000 tons, a decrease of 91.8% compared to 250000 tons last month. The average price is 256.68 US dollars per ton. The import volume from January to November this year was 13.32 million tons, a year-on-year decrease of 39.9%.

Soybeans:

In November 2024, China's soybean imports amounted to 7.154 million tons, a year-on-year decrease of 0.1%; From January to November, the cumulative import volume of soybeans in China was 97.09 million tons, a year-on-year increase of 9.4%. In terms of amount, China's soybean imports in November 2024 amounted to 352.94 million US dollars, a year-on-year decrease of 0.2%; The cumulative import amount of soybeans in China from January to November was 49055.7 million US dollars, a year-on-year decrease of 8.5%.

Rapeseed:

In November 2024, China imported a total of 707900 tons of rapeseed, with a month on month decrease of 16.03% and a year-on-year increase of 46.99%. From January to November 2024, China imported a total of 5.7822 million tons of rapeseed, an increase of 4.7525 million tons compared to the same period last year, with a growth rate of 21.67%.

Wheat:

In November 2024, China's wheat imports were only 50000 tons, a year-on-year decrease of about 90%, setting a new low for single month imports in many years. The total import volume of wheat from January to November was 10.87 million tons, a year-on-year decrease of about 5%. Based on the current arrival situation, it is expected that the import volume for the whole year of this year will slightly decrease compared to last year. The main sources of wheat imports in the first eleven months were: 3.35 million tons imported from Australia, accounting for 31%; Canada imported 2.44 million tons, accounting for 22.5%; France imported 2.29 million tons, accounting for 21.1%; The United States ranks fourth with imports of 1.9 million tons, accounting for approximately 17.5%.

Rice:

The import volume of rice and rice in China in November was 170000 tons, a year-on-year increase of about 35%. The cumulative import volume from January to November was 1.25 million tons, a year-on-year decrease of about 47%. Among them, 460000 tons were imported from Myanmar, accounting for 37%; Thailand imported 312000 tons, accounting for 25.4%; Vietnam imported 262000 tons, accounting for 20.1%; Pakistan imported 92000 tons, accounting for 7.3%.