The economist is preparing to reduce Chinese demand
An agri-food economist says China’s growing demand for agricultural exports over the past year has been boosted by Phase I of the trade deal, along with the recovery of African swine fever, but is beginning to slow.
“We’re already noticing that corn and pork purchases aren’t as strong as they were a year ago. Soybeans are still strong, but they’re probably not as big as we’ve seen in the last 12 months.”
Wendong Zhang of Iowa State University said Brownfield, while some major agricultural exports to China have softened, with incomes growing there requiring more protein and more specialty products such as cherries and cherries. other food products.
It aims to see how major political events in China and the US will impact agricultural trade, along with the supply chain and the impact of COVID-19.
“Increasingly, the agricultural trade situation is likely to be intertwined with the political dimension,” he said.
Despite record exports, a new US Trade Representative report this week shows that China’s Phase I trade deal has not fundamentally addressed US concerns with the country and highlights areas where China has failed in its agriculture-specific commitments.
Brownfield interviewed Zhang during the recent Great Lakes Crop Summit.
https://brownfieldagnews.com/news/economist-braces-for-reduced-chinese-demand/ The economist is preparing to reduce Chinese demand