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Doud confident about China’s ag purchases
The U.S. Trade Representative’s chief agricultural negotiator is confident ag sales to China will continue to rise. Gregg Doud says exports to China are on an upward trajectory. Doud tells Agri-Pulse he’s optimistic China will meet the Phase One commitment despite complications from the COVID-19 pandemic and rising doubt on Capitol Hill that it will be possible.
USDA says the U.S. has already shipped around 3.6 million tons of soybeans to China, and Chinese importers have contracted 4.4 million tons of old crop and 3 million tons of new crop soybeans. That is still far below the nearly 33 million tons purchased in 2017, but Doud says China is making massive commitments with new contracts that substantially outpace 2017 sales.
