U.S. agriculture secretary unsure if coronavirus will slow China's farm imports

Jan 30, 2020 at 07:55 AM CST
The virus has cast further doubt on China’s ability to buy $36.5 billion of U.S. agricultural goods in 2020. Traders were already questioning the commitment as rival soybean supplier Brazil harvests a massive crop and a deadly pig disease curbs Chinese demand for soy used to feed livestock. China, in the deal signed on Jan. 15, promised to buy at least an additional $12.5 billion worth of U.S. farm products in 2020 and at least $19.5 billion in 2021 over the 2017 level of $24 billion.

Jan 30, 2020 at 07:55 AM CST

The virus has cast further doubt on China’s ability to buy $36.5 billion of U.S. agricultural goods in 2020. Traders were already questioning the commitment as rival soybean supplier Brazil harvests a massive crop and a deadly pig disease curbs Chinese demand for soy used to feed livestock. China, in the deal signed on Jan. 15, promised to buy at least an additional $12.5 billion worth of U.S. farm products in 2020 and at least $19.5 billion in 2021 over the 2017 level of $24 billion.