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Shining Light on Farm & Food Policy for 20 Years.
Wednesday, December 18, 2024
U.S. Trade Representative Katherine Tai spoke with China’s top trade official Wednesday night in an “introductory virtual meeting” as the Chinese continue to make big purchases of U.S. agricultural commodities and the U.S. farm sector counts on strong trade to continue.
The Department of Agriculture's Economic Research Service is now forecasting an even higher record-breaking year for U.S. agricultural exports in fiscal year 2021.
The U.S. sold about $20 million worth of peanuts to Japanese importers last year, but the American Peanut Council expects that American farmers will be able to sell a lot more in the coming years now that they have a tariff advantage over the Chinese.
China is buying unprecedented levels of U.S. corn, and much of that demand comes from the country’s race to modernize its pork production – a mission that’s expected to sustain a long-term increased reliance on grain and oilseed imports, according to U.S. government and industry officials.
China has purchased another 1.36 million metric tons of U.S. corn for delivery in the 2021-22 marketing year, putting new strain on the next U.S. harvest as domestic and international demand continues to ratchet up.
China has again committed to a substantial purchase of U.S. corn for the 2021-22 marketing year, reinforcing optimism that demand from the country is long term.
China has been reporting some new outbreaks of African swine fever in recent months, but the problem is likely much worse than it appears. That’s both an opportunity for U.S. pork producers and a threat to their herds, according to U.S. industry and government officials.
Chinese buyers have made another big purchase of U.S. corn for the next harvest as concerns mount over the impact of dry weather on Brazil. The USDA on Monday announced a 1.02 million-metric-ton sale of corn to China for delivery in the 2021-22 marketing year.
U.S. Trade Representative Katherine Tai is taking time from meeting top trade officials from around the globe to get to better know the U.S. ag sector and its priorities.
