Agric Commodity Trade: China allows imports of feed barley powder from Kazakhstan

According to report by Reuters, China has allowed imports of barley powder for feed use from Kazakhstan, citing the customs office.

China has increased purchases of grains including corn, sorghum and wheat to fill a domestic gap in corn supplies.

It has also been reported that prices of the yellow grain have soared amid the shortage.

“It was mainly increasing imports channels to contain corn prices,” said a trader with an international trading house.

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Corn prices have come down but “it is not enough,” said the trader, who declined to be named as he was not authorized to talk to the media, Reuters said.

China’s corn prices have declined 12% from their record high hit in May, but they are still up from last year.

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According to a statement published on the website of the General Administration of Customs, the barley powder approved for export to China must be fine powder feed ingredient processed from barley produced in Kazakhstan.

The approval comes as the new coronavirus continues to move around the globe, disrupting logistics and trade routes for essential agricultural commodities.

Source: Reuters

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