Lift a stone to hit your feet? The worst fears of American farmers are happening

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 Lift a stone to hit your feet? The worst fears of American farmers are happening


According to the US Department of agriculture (USDA) on May 4th, according to the US Department of agriculture, according to the US Department of agriculture, China announced a tariff on some American agricultural products in early April and threatened to take other products as a target, and Chinese importers have canceled corn orders and reduced the purchase of pork, and have significantly reduced soybeans. Purchaseu3002 The number of New Sorghum orders added by Chinese importers has declined, and the existing orders have been lifted. The chill in agricultural trade is disturbing the entire US agricultural sector, the report said. For many years, the states in the US agricultural area have been sending farmers to Chinas trade delegation to cultivate the Chinese market. Zelen Schroder, chief executive of Bunge, said: if the problem is not solved, there will be a considerable gap in US exports. Bunge is one of the largest soybean processors and traders in the world. The report says that most of the tariffs in China may be added, most of which do not give a clear date, while senior U.S. officials, including US finance minister Steven Mnuchin and US trade representative Robert Letjize, are negotiating in Beijing this week. Even if the two sides reached an agreement, the uncertainty caused by Chinas tax levy was enough to prevent businesses from reaching a contract on some of the most traded agricultural products. The report says that Chinas rapid economic growth and the growing middle class have raised the countrys demand for pork and other meat, and the production of these meat requires a large amount of feed grain. In 2017, China was the second largest buyer of agricultural products in the United States, spending about 20 billion dollars a year. According to the report, soybean importers are postponing the purchase of new orders for us soybeans, including soybean harvest this autumn. Schroder, a bond company, said Chinese buyers turned to South American suppliers for more soybeans because they were worried that the goods would be at risk of a huge tariff at delivery. If the market is closed, the impact on the local communities in the entire Midwest region of the United States may be devastating, Chuck Grassley, a Republican senator from Iowa, said in a statement. According to the US Department of agriculture, Chinese buyers ordered about 225 thousand tons of U. S. soybeans in a week up to April 5th, but a total of about 11 thousand tons of new orders in the rest of the April, the decline was significant. Meanwhile, buyers cancelled nearly 76 thousand tons of orders in April. As farmers in South America harvest crops and their soybeans become cheaper, Chinese farms and food processors usually turn the source of soyabeans from the United States to Brazil and Argentina in the spring of North America. Analysts say China is reluctant to book the next seasons U. S. soybeans, indicating that importers are increasingly worried about the possible loss of each shipment by tariffs. Ken Morrison, a trader in Saint Louis, said that although the price of American soya beans delivered to China is about $15 a ton cheaper than Brazils soybeans, 25% of the tariffs will make Chinese importers pay about $100 a ton per ton. Farmers in Illinois are harvesting soybeans. Sino US trade disputes have brought losses to us soybean farmers, who are losing huge Chinese orders. (United States Washington Post website) So far, Chinas only tariff is related to pork products in the United States, the report said. China is one of the five largest overseas markets for pork products in the United States. After China imposed tariffs in April 2nd, the US Department of Agriculture reported the biggest weekly decline in pork sales in China since October 2016. Since then, sales have declined further. In the case of trade negotiations, many unknown factors on future demand are clearly detrimental to the current pork market, said Jason Ruth, vice president of American commodities company, an livestock and grain consulting firm, based in Des Moines, Iowa. Reported that some people believe that, considering its huge demand, China can not avoid American crops for a long time. But Dan Bass, President of AgResource, a Chicago based market research agency, said the longer term risk for American farmers and agricultural businesses is the reputation of the United States as an unreliable supplier, which has prompted other countries to grow their own crops. Over time, this will reduce the share of the United States in the global agricultural market. Our biggest concern is the information that this situation sends to the world, said bath. He specifically mentioned that because of fierce competition from big agricultural countries such as Brazil and Russia, American farmers have been struggling to cope with falling demand. The source of this article: Reference News Editor: Xun Jianguo _NN7379 In the case of trade negotiations, many unknown factors on future demand are clearly detrimental to the current pork market, said Jason Ruth, vice president of American commodities company, an livestock and grain consulting firm, based in Des Moines, Iowa. Reported that some people believe that, considering its huge demand, China can not avoid American crops for a long time. But Dan Bass, President of AgResource, a Chicago based market research agency, said the longer term risk for American farmers and agricultural businesses is the reputation of the United States as an unreliable supplier, which has prompted other countries to grow their own crops. Over time, this will reduce the share of the United States in the global agricultural market. Our biggest concern is the information that this situation sends to the world, said bath. He specifically mentioned that because of fierce competition from big agricultural countries such as Brazil and Russia, American farmers have been struggling to cope with falling demand.