China US Farm Purchases Slow
Chinese imports of US agricultural goods other than soybeans track toward a seven-year low, raising doubts over a seventeen billion dollar annual trade pledge. Weak domestic demand and global competition further complicate the targets.
Xurve View
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Xurve View
China bought $7.2 billion in agricultural goods from the United States between January and September, falling short of a $17 billion annual purchase pledge. Imports for the period dropped to their lowest level since 2019, according to customs data analyzed over the weekend. The sluggish buying tests trade commitments and adds pressure on agricultural exporters ahead of upcoming elections.
