north korea\s grain imports from china halve in q1
Last Updated : GMT 23:11:44
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Arab Today, arab today

North Korea\'s grain imports from China halve in Q1

Arab Today, arab today

Arab Today, arab today North Korea\'s grain imports from China halve in Q1

Seoul - Yonhap

North Korea's grain imports from China decreased by more than 50 percent in the first quarter from a year earlier, data showed Sunday. According to the Korea International Trade Association (KITA), North Korea imported 26,263 tons of grain, including 23,636 tons of flour, 1,241 tons of rice and 1,192 tons of corn, from China in the January-March period. The North's imports during the first three months is equivalent to 48 percent of 54,178 tons imported during the same period a year ago, the data showed. Compared with the first quarter of 2012, the country's grain imports from China decreased about 40 percent. In terms of value, the North's imports of Chinese grain amounted to US$11.93 million in the first quarter, down 52 percent from $24.71 last year. "The drop in the North's grain imports from China in the period compared with other years seems to be due to an increase in the country's grain production last year," said Kwon Tae-jin, a research fellow at the government-funded Korea Rural Economic Institute (KREI). "However, the country may increase its grain imports in the future, as the amount of its grain production is not enough for its people."    The U.N. World Food Program (WFP) estimates the North produced 5.03 million tons of polished grain between November 2013 and October 2014, up 5 percent from a year ago.

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