GFM Network News



China tells state firms to halt purchases of major U.S. farm products

Purchases of soybeans, pork, corn, cotton on hold

Beijing/Singapore | Reuters –– China has told state-owned firms to halt purchases of soybeans and pork from the United States, two people familiar with the matter said, after Washington said it would eliminate special treatment for Hong Kong to punish Beijing. Large-volume state purchases of U.S. corn and cotton have also been put on hold,



China encourages firms to raise pigs overseas

Officials aim to plug domestic pork shortage

Beijing | Reuters — China said Monday it is encouraging companies to build pig farms overseas to plug a severe domestic pork shortage after a worse-than-ever African swine fever slashed almost half of its pig herd. China has urged local authorities to support qualified domestic firms to “go out,” and build hog farming bases in

Some feed mills and slaughterhouses in China are still shut due to the coronavirus outbreak.

China’s chicken chain comes unstuck

Chaos of virus measures has derailed a sector that enjoyed rapid growth

Reuters – China’s chicken farmers had been looking forward to a bumper year. But an unprecedented lockdown on people and goods to curb the coronavirus outbreak has disrupted the short but intense poultry life cycle, threatening output of meat just as the world’s most populous country faces a massive pork shortfall. China’s poultry production expanded



China approves two new GM crops from U.S. for import

Beijing | Reuters — China approved two new genetically modified (GM) crops for import on Monday that could boost agricultural purchases from the United States, while renewing permits for 10 others, the Chinese agriculture ministry said. Earlier this month, Beijing and Washington announced a Phase 1 trade deal, under which China has agreed to import

A truck unloads soybeans imported from Brazil on the quay of a port in Nantong city, east China’s Jiangsu province.

Chinese importers scoop up Brazilian soybeans

Uncertainty over a U.S.-China trade deal has been causing buyers to lock up supplies

Chinese buyers scooped up at least 20 cargoes of Brazilian soybeans last week as uncertainty over a trade deal with the United States sent them rushing to lock in supplies, traders said Nov. 25. Importers also jumped on the new-crop Brazilian beans because of attractive margins, said two traders who declined to be identified. The purchases were for


Beijing’s refusal to order U.S. farm buys becomes pain point

Washington/Beijing/Reuters – U.S. President Donald Trump’s demand that Beijing commit to big purchases of American farm products has become a major sticking point in talks to end the Sino-U.S. trade war, according to several people briefed on the negotiations. Trump has said publicly that China could buy as much as $50 billion of U.S. farm

China grants waivers on U.S. soybeans

China is clearing the way for importers to buy U.S. soy exempt from tariffs — sources

China has given new waivers to several importers to buy U.S. soybeans exempt from retaliatory tariffs, in a goodwill gesture ahead of high-level trade talks next month, two sources familiar with the matter said Sept. 24. The waivers, offered in two batches, total around five million to six million tonnes, according to one of the