On September 1, the International Cooperation Department of the Ministry of Agriculture and Rural Affairs released the Overseas Agricultural Information Express (No. 157)

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1. Argentina exported 844,900 tons of bone-in beef in 2019, which is the highest record in the past 50 years. It is estimated that nearly 1 million tons of bone-in beef will be exported in 2020, and sales will exceed 3 billion US dollars, which will hit a record high. China is the main destination country for Afghan beef exports, accounting for 76.1% of Afghan beef exports from January to July this year.

2. In 2019/2020, the export volume of table grapes from Australia reached 152,200 tons, with an export value of nearly 623 million Australian dollars, both of which set historical records. The Chinese market continues to provide strong support for it, accounting for 42% of total exports, an increase of 25% year-on-year.

3. Affected by good soybean prices and the increase in pre-sales, the area of soybean fields covered by agricultural insurance in Brazil is expected to exceed 10 million hectares for the first time in 2020-2021, a year-on-year increase of 150%.

4. According to a news released by the Eurasian Economic Commission, in the first half of 2020, the mutual trade of agricultural products among the member states of the Eurasian Economic Union reached US$4.1 billion, a year-on-year increase of 2.5%. Among them, soybean trade increased by 7.4 times, becoming the main factor driving agricultural trade.

5. Chicago corn futures saw a larger increase today, and the price was close to the highest in six weeks. Soybean prices also climbed to a seven-month high, while wheat prices rose for the second consecutive trading day.

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Overseas Agricultural Information Express (No. 156)

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