China to Buy 12 mt Soy This Year
Bessent announced that China will purchase 12 million tons of soybeans from the US this year, and 25 million tons each in the next three years. In 2024, the United States sold 27 million tons of soybeans to China. Production is less than 120 million tons. Soybean prices declined after the meeting between Trump and Xi, due to the lack of specifics regarding purchases. However, Bessent’s announcements alone may not be enough to maintain positive market sentiment.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
Ukraine raises minimum corn export price to $195/t for September
Algeria tenders to buy 50 thsd tons of milling wheat
Canada seeks a ‘unique alliance’ with the EU amid trade tensions with the US
Crude oil rises more than 3% after shutdown of key Saudi pipeline
Poland supplied nearly a quarter of South Africa’s wheat imports
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon