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Shining Light on Farm & Food Policy for 20 Years.
Sunday, December 22, 2024
U.S. agricultural exports to China are up from a year ago but still far below the amounts needed to meet the pledges the Chinese made under the “phase one” trade agreement, according to new USDA data.
China has made another record-breaking U.S. corn purchase, according to USDA data released Thursday. The sale of 1.937 million metric tons is some much-needed good news for U.S. farmers weathering low prices, reduced demand and high stocks, says Kevin Ross, president of the National Corn Growers Association.
China Wednesday officially rejected U.S. claims that China has failed to comply with a 2019 World Trade Organization ruling against China’s price supports for its wheat and rice farmers – subsidies that U.S. farmers say hurt international trade.
President Donald Trump on Thursday issued another veiled threat to the U.S.-China “phase one” trade pact as the relevancy of the deal comes under question with perhaps just months left in the Trump presidency.
China imported 11.16 million tons of soybeans in June, according to Chinese customs data, likely to feed the nation’s hog herd after recovering from the effects of African Swine Fever.
The Democratic Party’s draft 2020 platform calls for directing more farm subsidies to small and medium-size farms while making the agriculture sector the first in the first world to eliminate net carbon emissions.
The USDA announced on Wednesday sales of 715,000 metric tons of U.S. soybeans to China, 649,000 tons of which are scheduled for delivery in the 2020-21 marketing year, which begins Sept. 1.
The U.S. and China are set to go head to head at the World Trade Organization in Geneva next week in a brewing battle over Chinese wheat and rice subsidies, and neither side is showing any sign of backing down.
Just eight months ago, U.S. chicken farmers were celebrating the reopening of the Chinese market. Now they’re cheering the dizzying pace of sales that have pushed China to the number-one position in April and May in foreign markets, and the trade shows no sign of slowing down.
China’s sorghum imports are steadily rising and producers are counting on the country’s importers to continue purchases into the new crop year, according to the U.S. Grains Council.
