China needs “explosive” buying to meet US farm import target
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With nearly seven months gone, an ambitious US$36.5 billion target for Chinese imports of U.S. farm goods this year may not be quite out of reach, but it's looking like a big, big stretch.
BEIJING/CHICAGO: With nearly seven months gone, an ambitious US$36.5 billion target for Chinese imports of U.S. farm goods this year may not be quite out of reach, but it's looking like a big, big stretch.
By end-May, imports were running behind 2017 levels - rather than 50per cent ahead as needed - and while orders for China's main farm import, soybeans, have started to pick up, scorching levels of buying would be needed to hit the mark.
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