China Reportedly Halting Agricultural Purchase

  • Jun 02, 2020 AEST
  • Team Kalkine

Chinese government officials have asked its key state-run agricultural businesses to pause the purchase of few agricultural products from the US like soybeans because of the rising tension between the US and China over Hong Kong.

State-owned traders like Cofco & Sinograin were asked to halt the purchase of American soybean and pork. However, private companies have not been told to halt their imports.

In the 3 months through March 2020, China has purchased American agricultural products worth US$3.1 as per the US custom data.

 


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