China"s November corn imports tumbled from a year earlier to their lowest in 19 months, customs data showed on Saturday, on higher cost and weak demand. China brought in 790,000 tonnes of corn in November, down 35.7% from a year earlier. That was down from 1.3 million tonnes in October, according to data from the General Administration of Customs. High shipping costs led to smaller arrivals, said an Asia-based trader, who asked not to be named as he was not authorized to speak to the media. The drop in imports also came as the country harvested a larger 2021/22 corn crop, seen at 270.96 million tonnes according to agriculture ministry"s estimates in both October and November, up 4% from the previous season. The ministry this month raised the estimate to 272.55 million tonnes, based on data from the national statistics bureau. read more November shipments were the lowest monthly figures since May 2020. China brought in 27.02 million tonnes of the grain in the first 11 months of the year, up 199% from a year ago, according to customs data. Appetite for feed grains from the livestock sector also weakened as hog margins plunged this year. Chinese farmers have been losing money in most of the second half year. China"s wheat imports in November also fell from the previous year, continuing a slide in October, as high international prices curbed demand. The table below shows imports of China"s major agriculture products in November, according to customs data. The data did not provide a breakdown on the origins of the imports. Data on soybean imports in November was released earlier this month. read more Commodity November 2021(tonnes) % change y/y YTD (tonnes) % change y/y Corn 790,000 -35.7% 27.02 mln 199.4% Wheat 750,000 -7.2% 8.83 mln 17.8% Barley 1.53 mln 37.3% 11.46 mln 61.5% Sorghum 530,000 117.3% 8.71 mln 104.1% Pork 200,000 -38.7% 3.54 mln -10.3% Sugar 630,000 -11.2% 5.27 mln 21% Reporting by Hallie Gu and Tom Daly; Editing by Himani Sarkar and William Mallard Our Standards: The Thomson Reuters Trust Principles.
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