China marks record high grain imports

Chamber of Shipping > Blog > News > International > China marks record high grain imports

Despite recent cancellations of wheat orders from Australia and the US, China’s cereal and oilseed imports are projected to remain near record highs this year due to lower global prices and domestic shortages. Early 2024 saw a significant rise in wheat imports from Australia, and analysts expect China’s grain import pace to match last year’s record with favourable prices and increased stockpiling efforts. Improved crush margins and stable demand across various sectors support continued strong soybean imports. The country’s approach to securing grain, despite global uncertainties, highlights its position as a key player in international agriculture markets.

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