China maintains quotas for corn and wheat imports in 2022

On September 30, China established its minimum tariff rate quota for imports of wheat, corn, and rice in 2022; they will be the same volumes as in 2021.

The tariff rate quota (TRQ) for wheat imports in 2022 was set at 9.636 million tons, according to the notice published on the website of the National Development and Reform Commission.

The import quotas for corn and rice were set, respectively, at 7.2 million tons and 5.32 million tons, according to the state planner.

The cotton import quota has been set at 894,000 tons, according to a separate statement by the state planner.

Source: Money Times

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