On September 3, the International Cooperation Department of the Ministry of Agriculture and Rural Affairs released the Overseas Agricultural Information Express (No. 160)
1. The General Administration of Customs of China stated on its official WeChat account that after repeated discovery of quarantine pests, it will suspend Australia's largest grain exporter CBH's barley exports to China. Australia is expected to produce a
bout 10.6 million tons of barley this year, of which a
bout 30% will be distributed by CBH. This ruling may intensify bilateral tensions.
2. The price of soybean futures on the Chicago Futures Market closed higher in recent months, at $9.51 per bushel, reaching a high value after a lapse of 2 years. According to the report, the Sino-US trade war is still underway, and the market expects China to increase US soybean im
ports, and soybean futures prices will remain firm in the near future.
3. Driven by the sharp depreciation of the domestic currency, the increase in domestic crushing demand, and China's massive im
ports, as of August 28, the 120 million tons of soybeans produced in Brazil in 2019-2020 have sold 95%, an increase of 15% year-on-year; 2020 -The pre-production soybeans for 2021 have been pre-sold by 45%, an increase of 20% year-on-year.
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