The US Department of Agriculture said last week that China had resold about 123,000 tonnes of committed deliveries to Bangladesh and Iran. Photo: AFP The US Department of Agriculture said last week that China had resold about 123,000 tonnes of committed deliveries to Bangladesh and Iran. Photo: AFP
The US Department of Agriculture said last week that China had resold about 123,000 tonnes of committed deliveries to Bangladesh and Iran. Photo: AFP
China /  Diplomacy

China expected to cancel 1.1 million tonnes of soybeans from the US as new tariff bites

Shipments will be cancelled or resold as extra duty means buyers will be unable to make a profit, industry insider says

Topic |   US-China trade war
Bloomberg
Bloomberg

Updated: 10:53pm, 3 Jul, 2018

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The US Department of Agriculture said last week that China had resold about 123,000 tonnes of committed deliveries to Bangladesh and Iran. Photo: AFP The US Department of Agriculture said last week that China had resold about 123,000 tonnes of committed deliveries to Bangladesh and Iran. Photo: AFP
The US Department of Agriculture said last week that China had resold about 123,000 tonnes of committed deliveries to Bangladesh and Iran. Photo: AFP
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