China reduces purchases of soybeans in the U.S. because of the uncertainty with the signing of the agreement

2019-11-18 12:05:54
Machine translation
China reduces purchases of soybeans in the U.S. because of the uncertainty with the signing of the agreement

Output the head of the delegations of the United States and China held at the initiative of Washington a telephone conversation, during which discussed the first part of the trade agreement between the countries.

 

the Minister of Finance of the USA Stephen Mnuchin and Vice-Premier of China Liu he found out the individual questions of the first part of the trade agreement between the two countries and agreed to further support the close contacts between the governments.

 

Economic adviser to the White house Larry Kudlow said that the country was close to signing an agreement that will stop a 16-month trade war, but any details regarding the date of the signing of the document was not called.

 

Recall, is scheduled for November 13, the signing of the first part of the trade agreement between the US and China was not held due to the cancellation of a summit of the Asia-Pacific economic Commonwealth.

 

the Export of soybeans from the U.S. for the week decreased by 550 thousand tons to 1.25 million tons, of which China was sent 760,5 thousand tons, which is 180 thousand tons lower than in the previous week.

 

because of the uncertainty with the fate of the trade deals and the cancellation of import duties, Chinese importers slowed purchases of U.S. soybeans.

 

According to traders at Chinese ports remain unloaded 1.8 million tons of soybeans, most of which are purchased to replenish state reserves. Customs expects importers the payment of a Deposit in the amount of 8.5 million $ per ship, and they are excited to state 30% reimbursement of import duties.

 

China and the United States are interested in signing the agreed first part of trade agreements, but the lack of information on the date of signature reduces the trading activity and price of U.S. soybeans.

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