USA soybean sales to China for the 2015/16 (Sep/Aug) season are off to the slowest start in seven years amid abundant global supplies and declining prices.
Advertisement
Soybean industry representatives and a 49-member Chinese delegation signed contracts Thursday valued at $5.3 billion.
Laura Foell, a soybean producer from Schaller, Iowa, is chairman of the U.S. Soybean Export Council.
Organized by the Soybean Export Council, contracts were signed between a number of Chinese import companies and exporters. “Our global customers demand a product that is sustainable and high quality, and that’s what USA soybean farmers continue to deliver”. Plant soybean publication is research at a minimum of three.94 billion bushels – a close mark, Kimberley said.
Gov. Terry Branstad, speaking to Thursday’s Iowa-China Business Symposium that drew a 49-member Chinese delegation, said trade between Iowa and China has “dramatically increased” over the past decade with 30 percent of the soybeans produced in Iowa now going to China.
Chinese officials will reveal the amount of USA soybeans they plan to buy at the ceremony, which will be held in Des Moines.
“This is a great example of how our farmer-leaders’ work of establishing relationships in China are paying off”, Foell said.
The Asian nation buys soybeans to make feed for livestock. Their conversations were during the Third Annual U.S.-China Governors Forum and Dialogue, which was arranged by the Chinese Association for Friendship with Foreign Countries and the state of Washington.
Advertisement
Branstad attributed the positive Sino-Iowa relationship to Chinese President Xi Jinping’s 1985 visit to the state with an agricultural delegation from Hebei.
