China said on Friday that it predicted higher corn and soybean imports for 2019/20, as the country was expected to step up purchases from the United States to fulfill the Phase 1 trade deal.
Corn imports for the crop year that ends in September are now seen at 6 million tonnes, up 2 million tonnes from last month's forecast, the ministry of agriculture and rural affairs said in its monthly crop report.
The ministry also raised its forecast for China's 2019/20 soybean imports to 94 million tonnes, up 3 million tonnes from its estimate in the previous month, according to the monthly Chinese Agricultural Supply and Demand Estimates (CASDE).
