China’s September 2022 corn imports plummet to 1.53 m mt y-o-y

Monthly corn imports into China declined significantly in September by 56.6% year-on-year, data from China’s General Administration of Customs (CGAC) showed Monday.

The September volume totalled 1.53 million mt, which was down by 15% from the 1.8 million mt recorded a month earlier.

Total corn imports in the first nine months of 2022 reached 18.46 million mt, down 25.9% from the same period last year.

Wheat imports in September also declined 30% from the previous month to 370,000 mt and remained 42.2% lower than the same month in 2021.

The total volume of wheat imported to China between January and September of 2022 came in at 6.62 million mt, down 12.8% year-on-year.

For barley, China brought in 360,000 mt last month, up from 250,000 mt recorded in August but down 76% from a year earlier.

Overall, barley imports for the year so far stand at 4.41 million mt, which is 48.8% lower than the same period in 2021.

Sorghum imports in September rose 41.8% from the previous year to 920,000 mt, pushing the total import volume in the first three quarters of 2022 to 8.93 million mt, marking a year-on-year gain of 21.4%.

China also imported 780,000 mt of edible vegetable oil in September, down 1% from a year ago.

With that total, China brought in 610,000 mt of palm oil and 50,000 mt of rapeseed oil in September, while no soyoil was imported last month.

Accumulatively, the volume of edible vegetable oil imports into China in the first nine months of 2022 amounted to 3.68 million mt, a 55.5% year-on-year dip.