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QINGDAO TODAY
在线翻译:
szdaily -> Business -> 
China makes record buy of sorghum from US
    2019-07-22  08:53    Shenzhen Daily

CHINA made its biggest purchase of U.S. sorghum since April last week, according to U.S. Department of Agriculture data, as Washington and China revive discussions to end their trade dispute.

The world’s top sorghum importer bought 51,072 tons of the grain even though China imposed a 25 percent tariff on American shipments in July 2018 as part of the trade dispute. The purchases will likely be used to feed livestock or make a Chinese liquor called baijiu.

China has made other modest purchases of sorghum since the beginning of June.

The United States and China agreed last month to restart trade talks that stalled in May.

U.S. President Donald Trump said Friday that U.S. Treasury Secretary Steve Mnuchin had a very good talk with his Chinese counterpart.

Officials from the world’s two largest economies spoke by phone Thursday, and Mnuchin said in-person talks could follow.

U.S. farmers welcomed the latest sorghum sale as the crop was one of the first casualties of the trade tensions, which have also slowed exports of U.S. soybeans and pork to China.

“It’s still a good price for them even with the tariff,” said Don Bloss, a Nebraska sorghum farmer and past chairman of the National Sorghum Producers.

China, which is also the world’s top soybean importer, canceled purchases of 9,853 tons of U.S. soy last week, according to the USDA data. It was China’s first weekly net cancellation of soybeans since April.

China bought about US$839 million of U.S. sorghum in 2017, accounting for a whopping 80 percent of U.S. sorghum exports. But China’s tariffs last summer slashed U.S. shipments to Chinese buyers.

In the sorghum industry, “the producers on this side and the buyers on that side are still friends,” Bloss said.

“It’s the governments that are getting in the way.”(SD-Agencies)

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