China will increase grain purchase volumes later this season
2013-02-06 15:08:26
According to information presented by Bloomberg Agency, China will increase volumes of grain imported as soon as prices decrease on the global market. We observed similar situation last year when China started purchasing corn as soon as prices for land and labor reached the point when it was reasonable to import. Grain purchases volumes are expected to continuously increase, with the same trend of purchases during lower prices season, according to Shanghai JC Intelligence.
AgroInvest comment: We expect increase in volumes of grains exported to China as the results of the reasons mentioned in the news peace as well as several agreements signed between Ukraine and China.