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· China says U.S. soybeans 'prime target' over tariffs: trade group
· China 2017/18 soybean imports to rise above 100 mln T, pork to fall -analyst
China says U.S. soybeans 'prime target' over tariffs: trade group
P.J. Huffstutter, Reuters
March 9, 2018
CHICAGO (Reuters) - Chinese officials have said U.S. soybeans are a prime target for retaliation against tariffs imposed by the Trump administration on steel and aluminum imports, according to the American Soybean Association.
Farm groups have long feared that China, which imports more than third of all U.S. soybeans, could slow their purchases of agricultural products, heaping more pain on the struggling U.S. farm sector.
Warnings to the soybean growers group about their product being used as a target in trade disputes were made last year, group officials told Reuters on Friday.
They came up in talks between the American Soybean Association’s leaders and officials at the Chinese embassy in Washington and in conversations between Chinese officials and U.S. soybean farmers, when the farmers were on a trip to China last fall, according to the group.
“We have heard directly from the Chinese that U.S. soybeans are prime targets for retaliation,” the trade group said in a statement. “The idea that we’re the only game in town, and these partners have no choice but to purchase from the U.S. is flatly wrong.”
Officials declined to elaborate further. The Chinese embassy in Washington did not respond to a request for comment on Friday...
China 2017/18 soybean imports to rise above 100 mln T, pork to fall -analyst
Reporting by Naveen Thukral Editing by Joseph Radford, Reuters
March 12, 2018
SINGAPORE, March 12 (Reuters) -
* China’s 2017/18 soybean imports are expected to climb above 100 million tonnes, a senior industry analyst said on Monday, as strong demand for animal feed boosts consumption in the world biggest hog market.
* China bought 93.5 million tonnes of soybeans in 2016/17, according to data from the U.S. Department of Agriculture.
* China’s pork imports in 2018 are expected to decline to around 2.2 to 2.3 million tonnes from 2.5 million tonnes last year, J.Y. Chow, food and agriculture expert at Mizuho Bank, said on the sidelines of an industry event in Singapore.
* “Local pork production has picked up pretty fast,” he said...