# China’s decline in imports and ethanol consumption could lower corn prices 30.09.2021 - UkrAgroConsult

> Chinese state estimates expect domestic corn prices to fall in 2021/22 as China cuts corn imports from 29 to 20 million tonnes, with prices already down 13% from May highs. Ukrainian corn prices are expected to face pressure from weaker Chinese demand and reduced US ethanol output.

- Date: 2021-09-30 · published 2021-09-30T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/45110-china-s-decline-in-imports-and-ethanol-consumption-could-lower-corn-prices-30
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Lower Chinese import demand combined with a record crop outside China weighs on global corn export prices, favouring feed buyers in importing markets.

## Read by commodity

- CORN: bearish ▼
- DDGS: bearish ▼
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-02-08 | [Downward projection for Chinese corn import demand 08.02.2022 - UkrAgroConsult](https://feedsoft.ai/events/14960-downward-projection-for-chinese-corn-import-demand-08-02-2022-ukragroconsult.md) | +1.9% | +14.4% |
| CORN | 2021-11-30 | [The collapse of world prices for wheat and corn has increased pressure on purchase prices in Ukraine 30.11.2021 - UkrAgroConsult](https://feedsoft.ai/events/11601-the-collapse-of-world-prices-for-wheat-and-corn-has-increased-pressure-on.md) | +6.2% | +3.1% |
| CORN | 2021-07-16 | [Gro Expects Drop in China Pork Imports and Lower Corn Feed Use](https://feedsoft.ai/events/46076-gro-expects-drop-in-china-pork-imports-and-lower-corn-feed-use.md) | -0.1% | -1.0% |
| CORN | 2023-06-21 | [China intensifies imports of grains and oilseeds amid lower world prices](https://feedsoft.ai/events/14833-china-intensifies-imports-of-grains-and-oilseeds-amid-lower-world-prices.md) | -3.2% | -12.0% |
| CORN | 2019-05-01 | [U.S.-China trade conflict pulled corn prices 20 cents per bushel lower](https://feedsoft.ai/events/7597-u-s-china-trade-conflict-pulled-corn-prices-20-cents-per-bushel-lower.md) | +1.1% | +11.2% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/chinas-decline-in-imports-and-ethanol-consumption-could-lower-corn-prices/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.