Saturday , July 11 2020

US soy exporters losing Chinese market share

Bloomberg

It’s increasingly unlikely that American farmers will fully regain their share of the lucrative Chinese soybean market, a US industry group said.
US exports of the oilseed to the biggest importing nation have plunged in the year since the world’s two largest economies begin tit-for-tat tariffs.
“The longer we are out of the China market, the likelihood is that we will not regain all of the share or all of the volume,” Paul Burke, a senior director at the US Soybean Export Council, said. Even if the dispute is resolved, the US would not see a return to record export levels, Burke said.

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