Perdue hopeful China can fulfill phase one commitments by February
Ag Secretary Sonny Perdue says he is hopeful that China can meet its purchase commitments of US ag goods under the phase one trade deal by February.
During a farmer forum with Congressman Rodney Davis in central Illinois this week, Perdue addressed concerns from many farmers about the deal.
“I think honestly it is going to be tough to meet those numbers. This is just purely a guess; we may reach it by the end of January before Brazil and South America come back into the marketplace.”
Perdue says there are sales on the books, but he wants to see shipments, saying China is known for booking and later cancelling sales.
“If they continue as they are, I am hopeful that we could see the numbers that we had for this year by the end of January. It does appear they are trying, but it remains to be seen if we will make those numbers or not.”
Perdue says fulfilling those commitments by February is important as China will likely buy from South America once the next corn and soybean harvest starts there.