Unsung Success for U.S. Trade Policy in Access to Growing Chinese Rice Market — Panjiva
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Unsung Success for U.S. Trade Policy in Access to Growing Chinese Rice Market

Ags - Grains/Beans 318 China 3048 Trade Deals 1017 U.S. 5399

U.S. rice farmers will gain access to the Chinese market for the first time after final quality inspections. That’s something of an unsung success for U.S.-China trade relations against the backdrop of struggling CED talks. Panjiva data shows Chinese rice imports have begun to recover after a 10% drop in the past year. U.S. suppliers will need to convince buyers such as Cofco to reduce their exposure to Vietnamese (52% of the total) and Thai (31%) producers. The move comes as U.S. export growth is beginning to slow, with Japanese-bound supplies having dropped 14%.

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