This decline was primarily driven by a sharp decrease in refined palmolein shipments.
This import frenzy enhances food security for China’s livestock sector, underpinning protein feed critical to pork, poultry, and aquaculture amid population demand.
FAS forecasts a 2.2% rise in corn imports for MY 2025-26, reaching 15.8 million tonnes, the highest volume in six years.
With annual domestic consumption estimated at around 12 million tonnes, the current harvest places South Africa firmly in surplus.
Wheat markets were bolstered by potential Chinese interest in supplies from the United States.