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China Buys U.S. Corn and Cotton, But Pace Needs to Pickup

In order to meet Phase One pledges, China needs to boost its buying

Export container cargo

Bloomberg writers Michael Hirtzer and Dominic Carey reported last week that, “While U.S. shippers sent sizable orders of wheat, corn, cotton, pork and other agriculture goods to China in May, China would need to pick up the buying pace further to meet its trade-deal pledges.

“Wheat and corn monthly shipments were each the largest in more than a year, according to U.S. government data, as Beijing seeks to meet buying targets laid out in the U.S.-China trade deal signed in January that promised $36.5 billion in purchases. Still, even with the boost in grain sales, China was on pace to buy only about $27 billion, according to the Peterson Institute for International Economics’ trade-deal tracker.”

Read the full report at Farm Policy News.

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