China's commerce ministry and customs authority have placed barley, sorghum, cassava and corn distillers' grains under automatic import licence management, based on a joint notice issued in 2015 and implemented from September 1. Industry sources say the aim is to monitor these imports more closely and tighten trade regulation of these agricultural products.
Adding licence requirements to these feed grains gives Chinese authorities a tool to slow or steer imports, which could cut demand from China for sorghum and barley and weigh on prices for these feed ingredients.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.