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QINGDAO TODAY
在线翻译:
szdaily -> Business -> 
Progress made in purchase of US agricultural products
    2019-07-30  08:53    Shenzhen Daily

MILLIONS of tons of American soybeans have been shipped out to China, the latest progress in the purchase of U.S. agricultural products by Chinese enterprises after a June meeting of the two heads of state in Osaka, Xinhua quoted official sources as saying late Sunday.

Meanwhile, the U.S. administration has announced the exemption of additional tariffs imposed on 110 items of Chinese industrial products and expressed its willingness to prompt the U.S. businesses to continue providing supplies for related Chinese enterprises.

These have shown the two sides’ readiness to implement the consensus reached by the two heads of state in Osaka, according to sources with the National Development and Reform Commission and the Ministry of Commerce.

Since July 19, some Chinese firms have inquired with U.S. suppliers about the new purchases of U.S. farm produce including soybeans, cotton, pork and sorghum. Currently, a batch of deals have been made in line with market conditions.

The Chinese enterprises involved have applied for the lifting of additional tariffs on some of the U.S. farm produce, and the Customs Tariff Commission of the State Council will handle their applications according to stipulated procedures.

Additional deals are expected to be made as long as the U.S. products are reasonably priced and of premium quality.

China’s soybean imports from the United States fell 2.5 percent in June compared with the same month a year earlier, customs data showed Saturday.

China brought in 614,805 tons of soybeans from the United States, down 2.5 percent from June 2018. The figures were also down 37 percent from 977,024 tons in May.

China’s June soybean imports from top supplier Brazil also fell 29.9 percent from the previous year, to 5.5 million tons. The figures were down from 6.3 million tons in May.(SD News)

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