Monday, January 12, 2009

China exports more grain in Oct, Nov

China posted a substantial growth in grain exports in October and November 2008, after its soybean won more biddings in the Republic of Korea (ROK), the General Administration of Customs said on Monday.

In October 2008, China exported 228,000 tons of grain (including cereal and cereal powder, beans and tuber crops), up 32.7 percent from the previous month, and 270,000 tons in November, up 18.6 percent month-on-month.

In November, soybean exports soared 78.6 percent year-on-year to 45,000 tons.

The top three target markets of China's grain were ROK, ASEAN (Association of South East Asian Nations) members and Japan, which bought 38 percent of China's total grain exports.

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