China soybean imports from U.S. and Brazil have been soaring
Published: November 13, 2020
Summary
Reuters - China’s strong return to the U.S. soybean market in recent months has single-handedly lifted U.S. farm exports to the Asian country to new records, and the heavy forward shipping schedule bodes well for the promises outlined in the Phase 1 trade agreement between the two countries.
That agreement suggests China in 2020 will buy and import at least $36.5 billion worth of America...
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Universidad ISA (Instituto Superior de Agricultura)
4 de diciembre de 2020
China's high demand for corn and soybeans is due to the fact that they have overcome the African Swine Fever crisis faster than estimates that it was for 2023, in addition to the replacement of lost Stocks during the first months of Covid-19 in the first semester of the year and to comply with the tariff agreements established with the USA.
China is expected to import a record amount of more than 100 million tons of soybeans and corn when it planned to import about 7 for this year (They have been more than 15).
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