BEIJING/SINGAPORE, (Reuters) – Soyoil inventories in China look set to build up further from already-high levels, denting prices even more, as the world’s largest soybean crushing sector cranks back up following coronavirus-led cutbacks last month, traders and analysts said. China’s stocks of soybean oil have climbed 50 percent this year as edible oil consumption slowed […] Read more
Stories by Hallie Gu
Phase 1 commodity targets likely more than China can chew – analysts
BEIJING/SINGAPORE, (Reuters) – Commodity traders and analysts are struggling to map out how China will reach the eye-popping amounts it is committing to buy from the United States under Phase 1 of their trade deal. China has pledged to buy $50 billion more in U.S. energy supplies, and will raise U.S. agriculture purchases by some $32 billion […] Read more
Hopes for spike in U.S. farm exports to China dim ahead of trade deal signing
CHICAGO/BEIJING, (Reuters) – Days before a U.S.-China trade deal is due to be signed, large Chinese purchases of Brazilian soybeans and a pair of unexpected policy moves by Beijing have dimmed U.S. hopes that China would double its imports of American farm products this year. U.S. President Donald Trump has touted the prospect of China […] Read more
China approves two more GMO crops
BEIJING (Reuters) — China approved two new genetically modified (GM) crops for import on Dec. 30 that could boost agricultural purchases from the United States, while renewing permits for 10 others, the Chinese agriculture ministry said. In December, Beijing and Washington announced a Phase 1 trade deal, under which China has agreed to import more […] Read more
China plans to issue biosafety certificates to domestic GM soybean, corn
BEIJING (Reuters) — China’s agriculture ministry said Dec. 30 it plans to issue biosafety certificates to a domestically grown, genetically modified (GM) soybean crop and two corn crops, in a move towards commercializing GM grain production in the world’s top market. China will grant the certificate to SHZD32-01 soybean developed by Shanghai Jiaotong University, provided […] Read more
China approves two new GM crops from U.S. for import, renews 10 others
BEIJING, (Reuters) – China approved two new genetically modified (GM) crops for import earlier this week that could boost agricultural purchases from the United States, while renewing permits for 10 others, the Chinese agriculture ministry said. Earlier this month, Beijing and Washington announced a Phase 1 trade deal, under which China has agreed to import […] Read more
China plans to issue biosafety certificates to domestic GM soybean, corn
BEIJING – China’s agriculture ministry said earlier this week it plans to issue biosafety certificates to a domestically grown, genetically modified (GM) soybean crop and two corn crops, in a move towards commercializing GM grain production in the world’s top market. China will grant the certificate to SHZD32-01 soybean developed by Shanghai Jiaotong University, provided […] Read more
Crop invaders: China’s small farmers struggle to defeat armyworm
MENGHAI, China (Reuters) – Yan Wenliu leans on the side of his cart as he prepares to leave his sugarcane field in Southwest China, bewildered by the formidable new pest that has ambushed his crops this year. “I don’t know what it is,” says Yan, a 36-year-old farmer from Menghai county in Yunnan province. “But […] Read more
Canadian farm exports run into Chinese wall amid diplomatic dispute
WINNIPEG, Manitoba/BEIJING, April 29 (Reuters) – An expanding list of Canadian farm exports is hitting obstacles at Chinese ports, leaving sellers of soybeans, peas and pork scrambling amid a bitter diplomatic dispute. China has already blocked Canadian canola from Richardson International and Viterra, two of Canada’s biggest farm exporters, saying that shipments had pests. Other […] Read more
