September 25, 2020

 

China books record-high beef purchases from US

 

 

According to the United States Department of Agriculture (USDA) data, China made its largest beef purchase and biggest corn deals last August.

 

China bought 3,315 tonnes of beef in the week of August 20, the largest weekly buy-in record since 1999. China also bought 11,216 tonnes of pork last week, the most in a month, according to the USDA weekly export sales report.

 

China has been battling with African swine fever, a deadly hog disease that has decimated the country's pork sector and resulted in its aggressive importing of beef, pork and poultry this year.

 

On September 17, China bought 747,000 tonnes of US corn for shipment for the 2020 to 2021 season that begins September 1, with 140,000 tonnes sold to undisclosed destinations, according to the USDA.

 

China vowed to purchase US agricultural goods this year as part of its Phase 1 trade deal with the United States which was signed in January. Both Chinese and US trade officials reaffirmed their commitment to the deal, under which China lagged on its obligations to buy American goods.

 

The US Census Bureau trade data recorded China's purchases totalled to US$7.274 billion in the first half of this year and this is still below the US$36.5 billion in annual purchases promised in the trade deal.

 

- Glacier farmmedia