CHINA-ECONOMY: CHINA INCREASES FOOD IMPORTS
|
Bloomberg reported on September 25, that the world’s largest agricultural commodity traders are making the most money in years exporting everything from soybeans to corn and wheat from American ports to China. It said China has been on a buying spree, snapping up record amounts of American corn and holding at the start of the season the biggest soybean-import commitments for the time of year in almost three decades. The rush to guarantee loading space — at a time when a key Gulf Coast terminal owned by Archer-Daniels-Midland Co. is offline — is sending export margins soaring.
|