# China Boosts Low-Tariff Corn Imports as State Reserves Drop (1)

> China has issued an additional 1.5 million tons of low-tariff tariff-rate quotas to state companies, bringing the 2020 total to about 6.3 million tons, mostly from the US and Ukraine. Beijing is close to meeting its WTO grain import obligation of 7.2 million tons under preferential rates.

- Date: 2020-04-30 · published 2020-04-30T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/53501-china-boosts-low-tariff-corn-imports-as-state-reserves-drop-1
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Expanded low-tariff quotas make US and Ukrainian corn more competitive in China, supporting export demand. The effect is moderate given the quota remains a fraction of China's total imports.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-04-23 | [Exclusive: Amid coronavirus, China looks to U.S. crops for state reserves - sources](https://feedsoft.ai/events/53500-exclusive-amid-coronavirus-china-looks-to-u-s-crops-for-state-reserves-sources.md) | -2.4% | -0.3% |
| CORN | 2018-08-23 | [China's July grain imports plunge as tariffs on U.S. supplies bite \| Farmtario](https://feedsoft.ai/events/63415-china-s-july-grain-imports-plunge-as-tariffs-on-u-s-supplies-bite-farmtario.md) | -1.9% | -1.8% |
| CORN | 2017-11-29 | [China imports corn as domestic prices rise – Customs Today Newspaper](https://feedsoft.ai/events/67857-china-imports-corn-as-domestic-prices-rise-customs-today-newspaper.md) | +1.6% | +7.4% |
| CORN | 2021-02-24 | [U.S. Corn Exports To China Boom - 2020 Year in Review](https://feedsoft.ai/events/48473-u-s-corn-exports-to-china-boom-2020-year-in-review.md) | +0.7% | +5.4% |
| CORN | 2021-03-17 | [Nearby Corn Futures Firm as USDA Reports Big Sales to China - AgWeb](https://feedsoft.ai/events/5125-nearby-corn-futures-firm-as-usda-reports-big-sales-to-china-agweb.md) | +11.0% | +14.2% |

## Sources

- news.bloomberglaw.com: https://news.bloomberglaw.com/international-trade/china-boosts-low-tariff-corn-imports-as-state-reserves-shrink

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