Industry Trend Analysis - China Trade: Lacklustre Agricultural Import Growth In 2017 - FEB 2017
BMI View: China's agricultural imports will be lacklustre for a second consecutive year in 2017. Although production of many commodities will decrease in 2016/17, Large overhang stocks, coupled with limits over imported products, will constrain imports. Meat, milk powder and to a certain extent palm oil imports will be stronger this year.
In this monthly article we analyse and forecast China's import demand for agricultural products.
Grains Imports Key Views:
Corn Demand To Be Strong In 2017 China - Grain Prices (CNY/tonne) Note: C orn and soybean prices in Dalian, wheat prices in Henan. Source: Bloomberg, BMI
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