BEIJING, CHINA — China exported more grain in April on a monthly basis, The Global Times reported, citing customs data.
Grain exports totaled 312,000 tonnes, an increase of 97% from March; the total value was $150.1 million, only 38% higher. Analysts said the increase in food prices was too small compared with the increase in food exports. They also noted that China increased grain and fertilizer exports while other countries imposed restrictions or bans.
Exports of agricultural products totaled 190.74 billion yuan during the first four months of the year, up 19% year-on-year. The value was $29.96 billion in US dollar terms, up 21% year-on-year.
China’s imports of commodities were more expensive in April on a yearly basis.
Analysts attributed the price hike to the Russia-Ukraine conflict and grain export bans/restrictions.
