China's farm produce trade deficit expands

0 Comment(s)Print E-mail Xinhua, April 7, 2019
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China's agricultural products trade reported a deficit of US$12.72 billion in the January-February period, up 37.1% year on year, official statistics showed.

Imports increased by 10.2% year on year to US$23.52 billion while exports went down 10.5% to US$10.8 billion, statistics released by the Ministry of Agriculture and Rural Affairs showed.

China imported 3.26 million tonnes of grain in the first two months, while exports stood at 365,000 tonnes.

Total imports of edible vegetable oil grew 44.5% to 1.71 million tonnes during the period while imports of beef surged 54.6% year on year. 

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