Guangdong Imported Cereals, QTY Up & Price Down, in Jan-Sept 2017

[2017-12-18]

According to Guangdong Customs statistics, in the first three quarters of 2017, Guangdong Province imported 9,294,000 tons of cereal foods (including cereal flour, beans, starchy tubers and potatoes), up 3.8% YOY; worth 20.22 billion yuan, up 2.8% YOY; average import price at 2175.7 yuan per ton, down 0.9% YOY.

Import Characteristics:

(1) The import volume of September increased 1.4 times month-on-month. In September, the import was 1,199,000 tons, up 2.9% YOY and up 43.2% MOM; worth 2.52 billion yuan, up 5.8% YOY and up 40.6% MOM; average price at 2098.4 yuan per ton, up 2.8% YOY and down 1.9% MOM.
 

(2) Dominated by ordinary trade mode. In the first three quarters, Guangdong imported cereals 9.017 million tons by ordinary trade, up 3.3% YOY, accounting for 97% of the total; imported 185,000 tons by processing trade, up 8%, accounting for 2%.

(3) Mainly from United States, Brazil, Australia and ASEAN. In the first three quarters, Guangdong imported the foodstuff 2.724 million tons from the United States, down 6.6% YOY, accounting for 29.3% of the total; 2.368 million tons from Brazil, up 3.1%, accounting for 25.5%; 1.766 million tons from Australia, up 94.5% YOY, accounting for 19%; 1.474 million tons from ASEAN, up 20.7%, accounting for 15.9%.

(4) More than 80% imported by private enterprises. In the first three quarters, private-owned enterprises in Guangdong imported 7.56 million tons, up 18.5%, accounting for 81.8% of the total; foreign-invested enterprises imported 1.296 million tons, down 38.8%, accounting for 13.9%; state-owned enterprises imported 398,000 tons, down 7.3%, accounting for 4.3%.

(5) Mainly soybeans, barley, rice and edible sorghum. In the first three quarters, Guangdong imported 3.36 million tons of soybeans, down 12.8%, accounting for 36.1%; 1.667 million tons of barley, down 58.5%, accounting for 17.9%; 1.512 million tons of rice, up 2.9%, accounting for 16.3%; 1.426 million tons of edible sorghum, down 17.8%, accounting for 15.3%.
Source: China Customs
Related Articles: