China Buys More U.S. Soybeans, Record Volume of Pork
Second daily “flash sale” of soybeans this week to world’s top soybean importer
Chinese importers stepped up purchases of U.S. agricultural goods ahead of high-level trade talks in Washington, including another wave of soybean deals and the country’s record largest weekly purchase of American pork, U.S. data showed on Thursday.
Reuters reports private exporters sold 398,000 tonnes of U.S. soybeans to China, the Department of Agriculture (USDA) reported via its daily sales reporting system that tracks large purchases.
It was the second daily “flash sale” of soybeans this week to the world’s top soybean importer.
USDA also confirmed a net 1.18 million tonnes in soybean sales to China in the week ended Oct. 3 and record-large sales of pork, including 18,810 tonnes for shipment this year and 123,362 tonnes for shipment in 2020.