China ups 2019/20 corn import forecast on U.S. trade deal prospects
China on Thursday raised estimates for its corn imports in 2019/20, on prospects that shipments of the grain from the United States will increase under the Phase 1 trade deal.
China’s corn imports in 2019/20 were seen at 4 million tonnes, up 1 million from the forecast in the previous month, after Beijing exempted extra tariffs on a list of U.S. products, including corn and sorghum in March, the country’s agriculture ministry said.
The price difference between domestic corn and imports might expand further following the trade move, promoting more U.S. shipments, the Ministry of Agriculture and Rural Affairs said in its monthly crop report.
Click Here to read more.
China’s corn imports in 2019/20 were seen at 4 million tonnes, up 1 million from the forecast in the previous month, after Beijing exempted extra tariffs on a list of U.S. products, including corn and sorghum in March, the country’s agriculture ministry said.
The price difference between domestic corn and imports might expand further following the trade move, promoting more U.S. shipments, the Ministry of Agriculture and Rural Affairs said in its monthly crop report.
Click Here to read more.