BALB - How has China's U.S. farm purchases fared under trade deal?
"China has purchased approximately 71% of its farm purchases target for 2020," according to an interim report on agricultural trade from U.S. trade representative."They have purchased $23.6B in agricultural products so far this year, substantially more than the base year of 2017, and should end up being our best year ever in sales to China.""It is worth noting that the Phase One Agreement did not go into effect until February 14, 2020,and March is the first full month of its effect. That means that we have seen seven months of agreement sales. Again, the highlight of this interim report is that we already are on pace to have all-time high sales to China in beef, pork, corn, and soybeans."Some are still questioning the figures. "Are these good, positive sales? Absolutely," said Joseph Glauber, who headed the USDA's economic analysis under George W. Bush and Barack Obama. "The number 71% is
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How has China's U.S. farm purchases fared under trade deal?