On August 24, the International Cooperation Department of the Ministry of Agriculture and Rural Affairs released the Overseas Agricultural Information Express (No. 151)

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1. The U.S. Department of Agriculture said on Tuesday that Chinese buyers have reached an agreement to buy 195,000 tons of US corn, and China is currently struggling to cope with the surge in domestic corn prices. According to data from the US Department of Agriculture, the United States exported 400,000 tons of corn to China from January to June this year, up from 190,000 tons in the same period last year.

2. According to estimates by the British Farmers’ Association, in 2020, British wheat production plummeted by 30% to 35%, which may be the lowest level in 30 years. The main reason is the wet autumn, spring, dry, and hot summer weather and the substantial reduction of the planting area by 25% (to 1.363 million hectares). Replaced by spring barley and oats, the barley planting area in the UK was 1.358 million hectares, an increase of 19% over the previous year. Therefore, the demand for wheat imports in the United Kingdom in 2020-2021 may increase greatly. Canada, Germany and the Baltic countries are the traditional wheat importers of the United Kingdom.

3. Since the beginning of this year, Sino-Australian relations have deteriorated and China has reduced its beef imports from Australia. China imported 17,000 tons of beef from Australia in June, a decrease of 25% year-on-year. In the Japanese market, the wholesale price of Australian beef in August was around 600 yen/kg, a month-on-month decrease of 8%.

4. In July, the export value of Japanese agricultural products and food was 65.7 billion yen, an increase of 4.7% year-on-year, the first increase in two months.

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