Homepage  Homepage     Search on site  Search on site     To write the letter  To write the letter     Site map  Site map
Agro Perspectiva
We are on: 
   

Photoblog

 


Home > News

China Rice Imports Decline as Exports Soar

12.06.2019 09:25 "Agro Perspectiva" (Kyiv) According to the report of the USDA Grain: World Markets and Trade (June 2019), The convergence of Chinas rice import and export quantities is shifting global rice trade dynamics. Only 10 years ago, China played a minor role in rice trade, largely self-sufficient as the top global producer and consumer. However, its domestic support for rice farmers grew with steadilyclimbing minimum purchase prices for paddy rice translating into high milled prices for consumers. As global exporter prices softened in 2011, China quickly grew in prominence as a major buyer and has been the top importer since 2013. Key suppliers have been neighbors Vietnam and Burma, while Thailand and Cambodia have also played significant roles. Recent changes to the tariff definitions affecting glutinous rice and efforts to formalize trade and establish quotas with Cambodia and Burma have also shifted trade patterns.

Another recent development has been the auctions of government stocks. As the minimum purchase prices rose, so did government purchases and the volume of the temporary reserves. Rice stocks have risen to record levels, and auctions from the reserves have stepped up recently. Over 7 million tons of stocks were sold from government reserves each of the past 2 years, with May 2019 sales alone surpassing 1.5 million tons. Though the minimum purchase price remains relatively high, these auctions augment the amount of low-priced rice available to consumers.

Since 2017, exports of low-priced rice have soared. Initially, medium-grain export prices fell, making Chinese rice competitive in West Africa and the Mediterranean, while declines in longgrain export prices continue to expand the reach in Africa and beyond. Chinas emergence in the medium-grain market was timely as both Australia and Egypt have shifted from net exporters to net importers, paving the way for China to fill the gap. In fact, Egypt has been voraciously tendering for Chinese rice. Likewise, the bulk of exports to Africa have filled the demand for oldcrop long-grain rice as Thailands government reserves have been depleted.

Chinas suppliers are struggling to diversify to other markets, only to find themselves in competition with China abroad. The main impact has been in Asia and Africa, but the repercussions have been felt even in the United States where multiple shipments of low-priced medium-grain rice have arrived in Puerto Rico. Exports continue unabated, with April 2019 exports the highest monthly quantity since 2000. For 2020, China is forecast to export just slightly less than its 1998 record to become the fifth-largest exporter, exceeding the United States.

Agro Perspectiva

< RF Jun 6 grains export 42.2 million tons All news for
12.06.2019
WHO confirms first Uganda Ebola case >

14.12.2019  
21:30 Germany launches 20 million programme with FAO and UNDP to boost the agriculture sectors role in addressing climate change
13.12.2019  
17:00 Greater innovation needed to fight climate change, poverty and hunger
16:45 Govt approves memo with tobacco business on transparent, predictable regulation for development of tobacco sector MP
16:30 Consumers believe technology in ag is how well feed the world more sustainablybut that doesnt mean they want it, according to new survey
11.12.2019  
14:15 In 2019/20, China wheat imports are forecast at 3.2 million tons
11:00 Brazil Sees Record Soybean Exports In October November 2019
10:21 Corn: A Banner Year for Brazil
10.12.2019  
13:00 Kazakhstans Wheat Exports Projected at Lowest Level in More Than a Decade
12:47 Inflation in Ukraine down to 0.1% in Nov, to 5.1% in annual terms statistics
09.12.2019  
18:15 Global cereal production heading for a record high in 2019
18:15 World production of fresh apples for 2019/20 is forecast up nearly 5.0 million tons to 75.7 million tons
15:00 Ukraine, IMF agree on new cooperation program for around $5.5 bln
05.12.2019  
21:00 Record cereal production expected for 2019
20:15 FAO scales up fight against Fall Armyworm
19:00 Kernel plans to buy oil complex in Kropyvnytsky
18:35 EIB launches project on lending to Ukrainian farms for EUR 400 mln
18:30 World food prices jump in November
18:15 FAO offers novel assessment of trees and forests in the worlds drylands
04.12.2019  
09:07 FAO Director-General introduces innovation agenda to Council
29.11.2019  
23:38 Harvesting campaign 2019: agrarians got 14.6 million tons sunseeds
20:24 Ukrainian Jan-Oct margarine output up to 113,580 tons
20:13 Ethiopian government to privatize country sugar imdustry as of 2020
18:02 Ukraine hits grains record high crop
16:11 UN expert: Zimbabwe facing man-made starvation
14:00 Alltech announces R&D collaborations into sustainable salmon production for Norway fisheries
28.11.2019  
23:17 Harvesting campaign 2019: agrarians got 3.686 million tons soybeans
20:36 Mexico bans glyphosate
18:58 Ukrainian Nov 1 cattle number 3.5 million heads
16:14 Harvesting campaign 2019: agrarians got 34.24 million tons maize
12:48 FAO: traditional diets to be protected, promoted
27.11.2019  
23:16 Ternopil region sugar output over 173,000 tons
21:24 Horta wins recognition on FAO global agricultural heritage list
18:31 Ukrainian Nov 1 buckwheat reserves 14,000 tons
12:59 RF Nov 21 grains export 19.8 million tons
09:13 UN Environment Programme: World on course for over 3 degree spike
26.11.2019  
22:51 Ukrainian Oct domestic market sugar prices dropped to UAH14.85 per kg
21:18 European Parliament confirmed Ukrainian chicken shipments quota growth
18:36 Syria launches tender for 80,000 tonnes sugar shipment
16:07 Ukrainian Nov 25 grains export 23.36 million tons
13:11 Climate change: Another year of record gas emissions, warns UN meteorological agency
25.11.2019  
23:13 Ukrainian Nov 1 rapeseeds reserves 234,000 tons
20:46 Belarus agrarians harvested 1.385 million tons maize
18:27 Poltava region sugar beets crop over 1 million tons
14:06 UN agencies launch Somalia measles, polio campaign
11:13 FAO: Partnerships with private sector vital for global foods output boosting
23.11.2019  
11:25 FAO Director-General and Eswatini Deputy Prime Minister discuss climate change
22.11.2019  
23:17 WHO: Congo Ebola new outbreak possible to appear
21:14 EU raises Ukrainian chicken shipments quota
19:17 Harvesting campaign 2019: agrarians got 33.6 million tons maize
17:46 Belarus-made products presented on Agro Food Drink Tech Expo, Tbilisi

Also available: 

Agrarian Week in digital



READ ON-LINE




NewsNews - News - News - News - News - News
BriefWeekly Reports - Free article
SubscriptionTariff - News&Reports
AdvertisingMagazine - Site
ConferencesForum AGRO-2013 - DAIRY WORLD-2008 - FERTILIZERS-2010
Statistics
For our clientsAgroNewsDaily - Ukrainian Grain&Oilseed Market - Fertilizers - Milk Monthly - Milk Weekly
About usAbout project - Contact
.      1991 . .      1991 .
2002 -2019 © Agrarika, ltd.
tel.: +38 (044) 486-9171, 486-8119
fax: +38 (044) 486-8830, 494-4889
e-mail: info@agroperspectiva.com