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

McCain Foods delays Washington potato plant

The dominoes continue to fall as a result of the COVID-19 pandemic. McCain Foods will pause its $300 million expansion of its processing plant in Othello, Washington. 

Asia Fruit Logistica reschedules to November

Turbulent times have forced the popular produce trade show to change venues from Hong Kong to Singapore. Now it’s rescheduling from September to November 18-20, 2020.   

American produce industry to receive $2.7 billion in aid

The American ag secretary Sonny Perdue has announced $2.7 billion to the fruit and vegetable industry to help mitigate losses from the COVID-19 emergency. Of that total, $100 million per month for the next six months are earmarked for a “Buy Fresh” program for food banks and school curbside pickup. 

United Fresh launches LIVE!

A fresh produce virtual platform will replace the in-person event slated for mid-June in San Diego. United Fresh LIVE! Will debut the week of June 15, 2020. 

Global virtual town hall

The Produce Marketing Association, based in Newark, Delaware, convened members from 21 countries to discuss the industry’s response to COVID-19. The virtual town hall revealed that bananas, potatoes, carrots and onions are in the highest demand.