BREAKING NEWS: China Buying Rice for the First Time From U.S.

December 28, 2018 08:34 AM
 
China is buying U.S. rice for the first time. The "South China Morning Post" reported Chinese customs officials cleared American rice for import on Thursday.

China is buying U.S. rice for the first time. The "South China Morning Post" reported Chinese customs officials cleared American rice for import on Thursday. It's not clear how much China will buy, but the U.S. rice industry calls China the 800 pound gorilla for the industry, and a market barrier it's been trying to break for decades. Johnny Sullivan of Producers Rice Mill, Inc. says "China is a monster of a market. The facts are based on the consumption rate of rice in China, the short story is China could chew through the entire U.S. crop in 14 days, so it's unreal."

The news comes as leaders from the two countries prepare to meet in mid-January to continue trade talks. The trade war ceasefire between the U.S. and China started earlier in December, when President Trump and President Xi Jinping met at the G20 summit in Argentina.  The U.S. agreed not to raise tariff levels if the two countries can come to an agreement on a host of issues, including trade. 

After a six month lull, China started buying U.S. soybeans in December.  However, it hasn't been enough to appease traders, hungry for China to start buying large quantities of U.S. beans.

 

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Comments

 
Spell Check

Brent
Otis, KS
1/7/2019 09:09 PM
 

  Thanks China dudes. I got some corn for sale in my bins. Call me and I will give you a bid. 620-297-3980

 
 
Raymond Harrison
College Station, TX
1/7/2019 05:07 PM
 

  Help President Trump present this success story to the deaf, dumb and blind Democrats preventing this country from achieving it’s potential!!

 
 
Larry K
Chicago, IL
1/11/2019 12:51 PM
 

  I would like to know how China can be encouraged/forced to buy U.S. rice. Or better still. How can anyone make such a stupid/idiotic statement suggesting it? By the way. Because is spelled because, Not becuz! Please stay in school and never come out. Also. Is it a proven fact that China has never imported U.S. rice? I could swear I read that china was the biggest importer of U.S. rice back in the 1980s.

 
 

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