![]() ![]() China’s response to this plant pest will impact grain supply, demand, and trade.Bilateral trade between Russia and China totaled more than $93.8 billion from January to May in 2023, a 40.7% increase compared to the same period last year, data from China’s General Administration of Customs showed. At the same time, China faces a fast-spreading plant pest problem as fall armyworm, predominantly a corn pest, reaches farms across the country. animal feed ingredients, such as soybeans. These diseases continue to add uncertainty and to impact China’s meat and poultry prices and demand unevenly, while also affecting the livestock industry’s demand for U.S. Similarly, in early 2020, China reported several outbreaks of highly pathogenic avian influenza. ![]() producers to market their products in China.Ĭhina’s on-going battle against African Swine Fever is expected to keep China’s pork prices at record highs and drive demand for imports. Disruptions to the free movement of people and goods limit Chinese port and internal logistics capacity and hamper the ability of U.S. The outbreak of COVID-19 and subsequent disease mitigation measures creates substantial uncertainty for the Chinese and global economies. agricultural products and its willingness to lower or waive import tariffs will drive China’s progress towards meeting its food and agricultural purchase commitments, valued at roughly $80 billion over the next two years.Īt the same time, various human, animal, and plant diseases and pests will each impact Chinese demand for food and agricultural products and thereby affect U.S. China’s expedience and efficacy in removing structural barriers to U.S. China is expected to meet certain market access goals according to the timeline established in the Agreement. On February 14, 2020, the Phase One Trade Agreement officially entered into force. agricultural goods over the next two years. On January 15, 2020, the United States and China signed the Phase One trade agreement that includes China’s commitment to purchase additional U.S. products, pork and beef benefited the most from these developments –hitting record values in 2019.Ĭhina's Agricultural Suppliers Looking Ahead To offset lower domestic production, China imported record volumes of animal and aquatic protein in 2019. DriversĪfrican Swine Fever inflicted significant losses in China’s swine herd, tightening the pork supply, and leading to a spike in market prices. Brazil (22 percent market share) and the European Union (13 percent) were the top suppliers of agricultural goods to China, followed by the United States with 10 percent. Despite a challenging trade environment, China in 2019 was the top market for U.S soybeans, hides and skins, and sorghum. cotton, hides and skins, and tobacco were also down $216 million, $195 million, and $156 million, respectively. Sorghum exports were down more than $330 million. China’s retaliatory tariffs continued to suppress exports of U.S. exports of tree nuts, prepared foods, and beef and beef products were up $278 million, $57 million, and $25 million, respectively. During 2019, the largest export increases were seen in soybeans and pork and pork products, up $4.9 billion and $729 million, respectively. exports to China decreased due a trade dispute resulting in retaliatory tariffs and slowing economic growth. China was the third largest market for U.S. ![]() agricultural exports to China totaled $13.8 billion, up from $9.1 billion in 2018. ![]()
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