China’s state stockpiler Sinograin bought 10 US soybean cargoes this week, reports Reuters citing inside sources. The world’s top buyer is continuing to purchase from the United States following a late October trade truce. The cargoes, totalling around 600,000 metric tons, are for shipment between March and May, the traders said, which is the peak shipping season […]
Category: Agriculture
China has sharply reduced tariffs on European Union pork imports worth over $2 billion, reports Reuters. This is the final ruling of an anti-dumping investigation regarded to be a response to the bloc’s duties on Chinese electric vehicles. China will impose tariffs of between 4.9% and 19.8% on pork imports from the EU for a five-year […]
China on Thursday approved additional varieties of genetically modified soybeans and corn for import and production while expanding their planting areas nationwide, as part of a drive to improve food security and reduce imports, reports Reuters. The agriculture ministry approved the domestic production of six more varieties of genetically modified corn, two of soybeans and […]
Brazil’s beef exports to China will be halted starting Thursday after a case of mad cow disease was confirmed in the northern state of Para, the country’s agriculture and livestock ministry said on Wednesday, reports Reuters. The suspension is part of an animal health pact previously agreed between China and Brazil and is expected to […]
China is buying more Australian wheat than ever even after diplomatic relations between the two countries frayed in recent years, reports Bloomberg. Australian shipments accounted for 63% of China’s wheat imports in the first 10 months of the year, compared with 28% over the whole of 2021 and just 15% the year before, according to […]