China increased Kazakh wheat imports

01.11.2016

China Customs Service reports that the country imported 431.81 KMT of wheat, which was 24.2% higher than in August and almost 100% more than in September 2015, reports UkrAgroConsult.

Since the beginning of the season (July-September) imports reached 1.085 MMT, which was 27.49% more than in 2015. Total wheat imports during 9 months of 2016 equaled 2.86 MMT. That was 27.37% more than during the same period in 2015.

Exports of Kazakh wheat to China grew by 300%. Thus, in season  2014/15 110 KMT were exported, and in season 2015/16 (as of August 30, 2016) - 414 KMT. This became possible owing to a possibility to transport grain both in bags and in bulk in accordance with the protocol signed in 2016.

Now negotiations are carried out with the National Development and Reform Commission of the PRC to provide Kazakh enterprises with export quotas on wheat supplies to China in the amount of 500 KMT with a further increase during the next 3 years to 1 MMT, as well as quota on feed wheat - 300 KMT with an increase to 2.5 MMT in 2017.

 

UkrAgroConsult

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