China agrees to buy U.S. rice

China has agreed to buy U.S. rice. The South China Morning Post reported the news on December 28, 2018 under the title “Slow cooker: China gives final approval to imports of rice from the U.S. after inspection procedures put in place.” 

 

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. The rice market is so big that China can devour the entire U.S. crop in about two weeks. 

 

This news – along with China’s resumption of buying some U.S. soybeans in December – is a heartening development in a thorny tit-for-tat war that placed tariffs on $200 billion of Chinese goods. The U.S. has agreed not to raise tariff levels if the two countries can agree on a fistful of issues by March 1. 

 

History is yet to be written on this tumultuous chapter. The 39th American president, Jimmy Carter, broke decades of enmity when he met with Chinese leader Deng Xiaoping on January 30, 1979. That’s a 40-year anniversary worth noting. 

 

Source:  AgriMarketing January 2, 2019 newsletter

If latest news: 
Check if it is latest news (for "Latest News" page)
Publish date: 
Friday, January 4, 2019

Click to leave a comment

CAPTCHA
For security purposes, please confirm you are not a robot!

RELATED NEWS

Arizona adopts new leafy green practices

Arizona growers, who market 52 million cartons of lettuce annually, have adopted more stringent water quality metrics.

Walmart tops global grocers

Walmart is not the top grocery retailer in Canada in sales– Loblaw has that distinction --  but it is globally with in-store net sales of about $503 billion. Of that number, $49 billion is in on-line net sales, a sales channel that’s expected to double in value in the next five years.

Cleaning up after Hurricane Dorian

Damage from Hurricane Dorian’s winds and rains varies depending on crop and location in the Maritimes. Assessments are underway.

Miniature apples win big at Asia Fruit Logistica

A New Zealand company’s bite-sized apples caught the jury’s eye at Asia Fruit Logistica, held September 4-6 in Hong Kong. Rockit Global has won the marketing campaign of the year.

Blueberry packaging wins sustainability award

Norwegian’s BAMA Packaging has won Scandinavian’s ScanStar award for paper packaging for blueberries.The shape makes optimal use of packing space in trucks.