At the same time, in the corn spot market, the transaction in Zhucheng, Shandong Province rose by 5% today, and the latest purchase price was 1.46 yuan/kg; Hebei Yufeng rose 1 point, price 1.4 10 yuan/kg; Jilin Baicheng plum blossom 2700 yuan/ton, up by 50 yuan; Tongliao plum blossom 2770 yuan/ton, up by 40 yuan.
It is reported that this round of increase is mainly related to the news of spring sowing in Ukraine.
According to the latest news, the area of spring sowing crops in Ukraine this year is expected to drop by 50% year-on-year, with corn and sunflower seeds mainly reducing production.
According to China Customs data, from June 5438 to February this year, China imported 4.68 million tons of corn, including 2.6467 million tons of corn from Ukraine, accounting for 56% of the total import; Imported corn from the United States 1923400 tons, accounting for 4 1%.
The good news is that since mid-February, China has gradually increased the quantity of corn and sorghum purchased from the United States. It is estimated that the total corn and sorghum from the United States will reach about 2 million tons in March.
In addition, in view of the sharp decrease in Ukrainian corn imports since March, China restarted the auction of expired stored rice in mid-March.
According to the data calculated by China Grain Network, the cost of processing oriented rice into brown rice is less than 2,200 yuan/ton, nor higher than 2,300 yuan/ton, which is far lower than the market price of regional corn.
However, adequate supply does not mean that prices will fall.
According to the current US market price, the theoretical duty-paid cost of corn imported from the United States to China is as high as 3,200 yuan/ton.
In the same period, the theoretical duty-paid cost of imported soybeans is concentrated between 5500-5600 yuan/ton, and the cost of palm oil is as high as 13500 yuan/ton.