March 19, 2025

Chinese importers are ramping up efforts to diversify the nation's corn import sources to mitigate risks amid rising trade tensions, driven by the new US administration's tariff policy and other factors. Domestic farmers are also putting more effort into boosting production to secure supplies, a senior industry analyst said on Wednesday.

The remark came as data from the General Administration of Customs (GAC) showed that in the first two months of this year, corn imports amounted to 180,000 tons, a year-on-year decrease of 97.1 percent.
 
Multiple factors contributed to the decline in corn imports, including the narrowing price margin for importers compared with domestically grown corn, as well as the need for traders to diversify their supply sources amid concerns over trade tensions driven by the new US administration's tariff policy, Xi Yinsheng, a senior industry analyst at the Research Center for Rural Economy, the Ministry of Agriculture and Rural Affairs (MOA), told the Global Times on Wednesday.

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