China has raised 5 U.S. cargo ships for New Sorghum products.

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 China has raised 5 U.S. cargo ships for New Sorghum products.


According to the Reuters in April 20th, the U.S. Department of agriculture (USDA) Federal cereal inspection agencys export inspection data showed that 20 ships with more than 1 million 200 thousand tons of sorghum were sailing at sea, worth more than $216 million. In April 17th, the Ministry of Commerce announced that it had decided to impose a margin of 178.6% on imports of sorghum native to the United States since April 18th. According to Reuters shipping data, at least 5 of these ships changed course within hours after China announced the news. According to Reuters, the destinations of the 5 ships are China. According to the value of these sorghum and paying the deposit, the transaction will not be profitable. Traders said that the owners of these goods may be the four largest grain producers in the world, Cargill and ADM. The Reuters shipping data showed that the cargo ship named NBonanza had previously loaded the sorghum from ADMs CorpusChristi, Texas, in the United States, and was moving north-east in the India ocean earlier this week, which was the direction for Asia. But 11 hours after the Ministry of Commerce issued a security deposit for sorghum produced in the United States, the ship stopped and then changed its direction to the northwest. Ship RBEden, carrying 70223 tons of sorghum, loaded ADM sorghum cargo at the same dock, which originally sailed from South Africa to the northeast of India ocean and then turned its head. Similarly, three ships carrying Cargill sorghum suddenly changed direction. It is not clear where the ships are going. Traders say the huge margin is enough to stop the us from exporting sorghum to China, and sorghum in the US needs to find new buyers. Reuters quoted Chinese industry sources as saying that some of the sorghum of the cargo ship could be shipped to Southeast Asia, such as Vietnam and Philippines, to provide raw materials for local Chinese feed producers. However, for us sorghum, it is difficult to find such a large buyer like China. China is the largest buyer of Sorghum in the United States, and the US grain export trade organization U.S.GrainsCouncil data show that more than 3/4 of the US exports of sorghum are sold to China. In 2017, the United States exported about 4 million 800 thousand tons of sorghum to China, worth about 1 billion dollars. Vietnam and other countries are relatively small sorghum importers. The United States Department of agriculture data show that Vietnam has never imported American sorghum, and Philippiness 2016/17 import volume is only 19000 tons. Traders said that if sorghum prices were much lower than that of corn, South Korea might consider importing American sorghum. However, the content of tannin in Sorghum may make it difficult for Korean feed processing industry to adjust the formula. Ma Wenfeng, a senior agricultural analyst at East AGG, told www.thepaper.cn that although China is a big country with sorghum imports, there are much more substitutes, such as corn. Chinese corn has high inventory in recent years and can be used instead of sorghum. In addition, as a big importer of sorghum, China is also increasing imports of sorghum to Australia and other countries. China has ordered 40 thousand tons of Australian sorghum, according to Reuters quoted traders. Driven by the increasing demand from China and other factors, the price of Sorghum in Australia has risen. Before the United States unilaterally launched trade disputes, China resorted to killer and proposed to impose a 25% tariff on soybeans imported from the United States. This struggle or quietly reshaping the global soybean trade flow, China has increased imports of soybeans from countries such as Brazil, and the United States has increased exports to soybeans such as the European Union. Ma Wenfeng analysis said that, similar to the soybean trade, the global sorghum trade pattern will also change, and there are no lack of the emergence of American sorghum after the transfer of some countries to China. The source of this article: surging news editor: Cao Yi _NN5778 In addition, as a big importer of sorghum, China is also increasing imports of sorghum to Australia and other countries. China has ordered 40 thousand tons of Australian sorghum, according to Reuters quoted traders. Driven by the increasing demand from China and other factors, the price of Sorghum in Australia has risen. Before the United States unilaterally launched trade disputes, China resorted to killer and proposed to impose a 25% tariff on soybeans imported from the United States. This struggle or quietly reshaping the global soybean trade flow, China has increased imports of soybeans from countries such as Brazil, and the United States has increased exports to soybeans such as the European Union. Ma Wenfeng analysis said that, similar to the soybean trade, the global sorghum trade pattern will also change, and there are no lack of the emergence of American sorghum after the transfer of some countries to China.