BR100 Increased By (0.64%)
BR30 Increased By (0.91%)
KSE100 Increased By (0.45%)
KSE30 Increased By (0.46%)
BECO 6.01 Increased By ▲ 0.24 (4.16%)
BML 52.60 Decreased By ▼ -0.40 (-0.75%)
BOP 34.32 Increased By ▲ 0.33 (0.97%)
CNERGY 8.12 Increased By ▲ 0.01 (0.12%)
DCL 12.07 Decreased By ▼ -0.13 (-1.07%)
FCCL 53.53 Increased By ▲ 0.70 (1.33%)
FCSC 5.20 Increased By ▲ 0.13 (2.56%)
FFL 18.02 Increased By ▲ 0.07 (0.39%)
FNEL 1.31 Increased By ▲ 0.02 (1.55%)
HUMNL 10.88 No Change ▼ 0.00 (0%)
KEL 8.09 Increased By ▲ 0.07 (0.87%)
KOSM 5.44 Decreased By ▼ -0.08 (-1.45%)
MLCF 87.40 Increased By ▲ 0.89 (1.03%)
NBP 187.00 Increased By ▲ 1.84 (0.99%)
PACE 10.72 Increased By ▲ 0.14 (1.32%)
PAEL 39.91 Increased By ▲ 0.49 (1.24%)
PIAHCLA 26.12 Decreased By ▼ -0.10 (-0.38%)
PIBTL 16.98 Increased By ▲ 0.31 (1.86%)
PPL 229.60 Increased By ▲ 1.42 (0.62%)
PRL 34.80 Increased By ▲ 0.12 (0.35%)
PTC 67.18 Increased By ▲ 1.85 (2.83%)
SEARL 90.66 Increased By ▲ 0.53 (0.59%)
SSGC 26.82 Increased By ▲ 0.22 (0.83%)
TELE 8.61 Increased By ▲ 0.33 (3.99%)
THCCL 58.69 Increased By ▲ 0.19 (0.32%)
TPLP 8.57 Increased By ▲ 0.35 (4.26%)
TREET 24.62 Increased By ▲ 0.09 (0.37%)
TRG 69.88 Increased By ▲ 0.17 (0.24%)
WAVES 10.09 Increased By ▲ 0.15 (1.51%)
WTL 1.30 Increased By ▲ 0.02 (1.56%)
By

BEIJING: China’s corn imports from Ukraine in May plunged compared with a year ago, customs data showed on Monday, after the conflict between Russia and Ukraine cut shipments.

China, the world’s top importer of corn, brought in 126,727 tonnes of the yellow grain from Ukraine, down sharply from 1.26 million tonnes a year ago, according to data from the General Administration of Customs.

Grain exports from Ukraine, a major producer and exporter in the global market, got cut off after Russian invaded the European country in late February.

China’s corn shipments from Ukraine, its second-largest supplier of the grain after the United States, fell as a result.

Beijing has been seeking alternative corn imports from other origins, including allowing cargoes from Myanmar and clearing the way for Brazilian shipments, but a substitute has yet to become significant in volume.

CBOT corn may retest support at $7.58-3/4

China brought in 1.9 million tonnes of corn from the US in May, up slightly from 1.89 million tonnes a year ago, customs data also showed.

In the first five months, US corn cargos came in at 6.37 million tonnes, compared with 6.67 million tonnes a year earlier.

Shipments from Ukraine during the period were at 4.82 million tonnes, down slightly from 4.99 million tonnes a year ago, according to the data.

Russia calls its actions in Ukraine a “special operation” that it says is not designed to occupy territory but to destroy its southern neighbour’s military capabilities and capture what it regards as dangerous nationalists.

Comments

Comments are closed for this article.