A Grain and Oils News article reported robust China grain imports during April and May. The combined volume of rice, wheat, corn, sorghum, and barley imports reached 3.1 mmt in May, up from 2.9 mmt in April and about 2 mmt during January and March. Imports were 1.5 mmt during February which included the Chinese New Year. The cumulative imports of rice, wheat, corn, sorghum, and barley totaled 11.5 mmt for January-May, up from 10.9 mmt during the same months a year earlier despite the rise in trade tensions.
According to Grain and Oils News, the average unit value of imported corn during May was 1,337 yuan/mt, 463 yuan less than the average domestic corn price of 1800 yuan/mt. A year ago, domestic and imported corn prices were nearly equal. Worries about domestic wheat quality due to wet weather in May and June increased premiums for high quality wheat and may boost demand for imports.