my country imported more than 80 million tons of grain in the first half of the year, and corn has exceeded 20 million.

 　　On June 13, China Customs announced that China’s grain imports from January to June were 8.
436 million tons, compared with 58.
938 million tons in the same period last year, a year-on-year increase of 43.
1%
.
RpQ China Feed Industry Information Network-Based on feed, serving animal husbandry

RpQ China Feed Industry Information Network-Based on feed, serving animal husbandry

Data source: General Administration of CustomsRpQ China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Data show that China imported 10.
72 million tons of soybeans in June, up from 9.
61 million tons in May, but lower than the historical high of 11.
16 million tons in the same period last year, making it the second highest monthly import volume in history
.
From January to June, China imported 48.
955 million tons of soybeans, compared with 45.
42 million tons in the same period last year, an increase of 8.
7% year-on-year
.
RpQ China Feed Industry Information Network-Based on feed, serving animal husbandry

　　According to market analysis, China's soybean imports are expected to decline in the second half of this year, because crushing profits continue to be negative
.
Crushers in Shandong Province currently lose 198 yuan for every 100 million tons of soybeans crushed
.
In addition, since the beginning of the year, the price of live pigs in China has fallen by more than half, which also makes the market worry about future feed demand, which may affect soybean imports
.
RpQ China Feed Industry Information Network-Based on feed, serving animal husbandry

　　China’s high soybean inventories and slowing demand for soybean meal have led the US Department of Agriculture to lower China’s soybean imports by 2 million tons to 98 million tons in 2020-21, and 1 million tons to 102 million tons in 2021-22
.
RpQ China Feed Industry Information Network-Based on feed, serving animal husbandry

RpQ China Feed Industry Information Network-Based on feed, serving animal husbandry

Data source: General Administration of CustomsRpQ China Feed Industry Information Network-Based on feed, serving animal husbandry

　　From January to June, China's corn imports were 15.
3 million tons, an increase of 318.
5% year-on-year; it has exceeded the total imports of 4 million tons in 2020
.
The July supply and demand report of the Ministry of Agriculture and Rural Affairs of China estimated that China's imports in 2020/21 will be 22 million tons (US Department of Agriculture 26 million tons) and 20 million tons in 2020/22 (US Department of Agriculture 26 million tons)
.
Imported corn and alternative grains are gradually increasing pressure on the domestic market
.
RpQ China Feed Industry Information Network-Based on feed, serving animal husbandry

RpQ China Feed Industry Information Network-Based on feed, serving animal husbandry

　　In addition, China's wheat imports from January to June were 5.
37 million tons, an increase of 60.
1% year-on-year; it already accounted for 66% of last year's total
.
RpQ China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Shipping costs doubled! International food prices are under pressureRpQ China Feed Industry Information Network-Based on feed, serving animal husbandry

　　According to the latest report issued by the Food and Agriculture Organization of the United Nations, global food prices fell for the first time in June after experiencing an extremely long rise for 12 consecutive months, but they still increased by 33.
9% compared with the same period last year
.
Therefore, the current rising global crop transportation costs still aggravate people’s worries about food inflation and will greatly affect the transportation costs of food importing and exporting countries
.
RpQ China Feed Industry Information Network-Based on feed, serving animal husbandry

　　According to the China Securities Journal, with the increase in ocean freight, the cost of international grain transportation has doubled over the same period last year
.
Take soybeans as an example.
According to statistics from New Era Futures, as of July 9, the international freight rate for imported U.
S.
soybeans was US$81/ton, a record high since the international financial crisis, an increase of 108% over the same period last year; the international freight rate for imported South American soybeans was 68.
USD/ton, an increase of 134% over the same period last year
.
RpQ China Feed Industry Information Network-Based on feed, serving animal husbandry

　　According to shipping sources, the cost of grain transportation from Australia to Southeast Asia has risen from US$15 per ton last year to US$30, while the cost of freight from the Pacific Northwest to Asia has risen from US$25 to US$55 per ton.

.
RpQ China Feed Industry Information Network-Based on feed, serving animal husbandry

　　In addition, the freight cost of wheat vessels from the Black Sea to Asia is now US$65 per ton, compared to about US$35 per ton last year
.
RpQ China Feed Industry Information Network-Based on feed, serving animal husbandry

　　The current round of international food price increases began in August last year.
First, the epidemic situation last year led to increased circulation prevention and control measures in various countries and export restrictions; secondly, the general increase in food reserves in various countries.
The dry weather in South America became the subject of speculation in the second half of the year.
Corn, soybeans, and wheat Prices have risen all the way due to the loose monetary environment and capital, and have hit new highs in the past seven or eight years
.
It is expected that under the background of weakening other bullish factors, international food prices may fluctuate at a high level in the second half of the year
.
RpQ China Feed Industry Information Network-Based on feed, serving animal husbandry

　　International freight costs have played a supporting role in rising food prices, and there is a positive correlation between freight prices and agricultural product prices
.
Rising freight rates are often a manifestation of a bull market in agricultural products
.
Shipping prices are an important part of the cost of grain imports.
The upward trend of freight rates continues, and the pressure on grain importers to raise the terminal grain sales prices will increase accordingly
.
However, ocean shipping prices have always been known for high volatility.
Whether ocean shipping prices can sustain an increase depends on whether demand can continue to expand
.
Once the interfering factors of the epidemic are lifted, the rising trend of shipping prices will tend to decay
.
RpQ China Feed Industry Information Network-Based on feed, serving animal husbandry