BEIJING, Sept 6 (Reuters) – Chinese beef importers said on Monday the suspension of exports by top supplier Brazil due to two cases of mad cow disease has had no immediate market impact, with some still making purchases in anticipation of a quick resumption of trade. Brazil said on Saturday it had confirmed two cases […] Read more
Tag Archives china
China remains U.S.’s biggest market and biggest troublemaker
Talk about mixed messaging. Two homemade campaign signs from last fall’s presidential election remain on the edge of a sprawling, well-kept dairy farm I recently passed. One, large and white against a green backdrop of tasselled corn, touts Donald Trump. The other, smaller and more wordy, declares that if Biden wins, all Americans soon will […] Read more
China pork production to decline by 14 percent in 2022: USDA
Aug 25 (Reuters) – Following are selected highlights from a report issued by the U.S. Department of Agriculture’s Foreign Agricultural Service (FAS) post in Beijing: “In 2022, China’s hog production is forecast to decline by 5 percent. Low prices and disease outbreaks in 2021 led to significant slaughter and delayed restocking. Pork production in 2022 […] Read more
China expected to increase soybean purchases this year
China will be a much larger buyer of soybeans this year than the market is anticipating, says an analyst. “My sense is that all the current estimates of Chinese imports for 2021-22 are understating the figures,” Dorab Mistry, director of Godrej International, told delegates attending a conference organized by the U.S. Soybean Export Council. “In […] Read more
Ag exporters eye China’s new population plan
Analysts are divided on what impact China’s new three-child policy will have on future feedgrain demand. China’s Communist Party declared in May that the government will allow all couples to have a third child. It is unclear when the new policy will take effect. CoBank, an American farm lender, thinks it will be bullish for […] Read more
China’s hog slaughter recovery bodes well for feedgrains
A major farm lender in the United States is forecasting another strong year of Chinese grain and oilseed demand in the new crop year, and that bodes well for prices. “Predicting with certainty whether China will purchase the same levels of U.S. soybeans, corn and sorghum over the next year as it has done so […] Read more
China may open up to more wheat
Rumours have surfaced that China may double its tariff rate quota (TRQ) for wheat in 2021-22, which would be extremely bullish for the crop, says an analyst. The current TRQ is set at 9.64 million tonnes. That is the amount of wheat China will allow into the country per year at a one percent duty. […] Read more
Don’t panic, Chinese govt tells pig farmers as prices slide further
BEIJING, June 21 (Reuters) – China’s government-backed livestock industry body urged pig farmers on Monday not to panic as hog prices fell further and investors continued to sell shares in major producers. Live hog prices in the world’s top pork consumer have plunged 65% since the start of the year as domestic production surged and […] Read more
China called out for lack of transparency
Grain exporting nations want the World Trade Organization to ensure there is better transparency in grain markets. Seth Meyer, chief economist with the United States Department of Agriculture, said there is a lack of transparency by some WTO members when it comes to export restrictions, stock holdings and trade positions. Meyer was part of a […] Read more
Amount of China’s stockpiled corn in dispute
The U.S. Department of Agriculture thinks the country has 7.8 billion bushels of the crop, but analysts aren’t convinced
Analysts think China’s mountain of corn may be more like a molehill. The United States Department of Agriculture estimates the country is sitting on a stockpile of 198 million tonnes, or 7.8 billion bushels, of the crop. “There is no way they have a 7.8 billion bushel surplus,” said Todd Hultman, lead analyst with DTN. […] Read more
