Chinese customs data showed that between October 2018 and March 2019, China bought just 2.7 million metric tonnes of US soybeans. Photo: Bloomberg
US trade war dominates agenda at China’s premier soybean conference as American imports plummet
- Industry insiders are eyeing increasing domestic output and imports from Russia to fill gaps left by shrinking imports from the United States
- Over 800 delegates attended the fourth edition of the China Soybean Industry International Summit Forum in Harbin, Heilongjiang province
Topic |
China economy
Chinese customs data showed that between October 2018 and March 2019, China bought just 2.7 million metric tonnes of US soybeans. Photo: Bloomberg
Chinese agricultural firms are looking to expand into Russia in the hope of boosting supplies. Photo: EPA
China warned it should not pin its hopes on Russian soybeans plugging supply gap caused by US trade war
- Russian expert told China industry delegates that his country struggles to produce enough to satisfy its own demands, much less its neighbour’s
- China has been looking for alternative sources after falling US supplies left its farmers with a major headache
Topic |
China economy
Chinese agricultural firms are looking to expand into Russia in the hope of boosting supplies. Photo: EPA