On September 24, the International Cooperation Department of the Ministry of Agriculture and Rural Affairs released the Overseas Agricultural Information Express (No. 172)

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1. Driven by China's purchase of soybeans from the United States and the reduction in soybean production in the United States due to dry weather, soybean prices on the Chicago market have risen again, with a cumulative increase of 17.5 US dollars this week and a cumulative increase of 47.6 US dollars in August this year to close at 383.42 US dollars per ton. Soybean prices have maintained positive growth for the sixth consecutive week, becoming the highest price since the outbreak of the Sino-US trade war in July 2018.

2. In August, the export value of Brazilian agricultural products was 8.91 billion US dollars, a year-on-year increase of 7.8%. Among them, exports to China were US$2.7 billion, accounting for 30.3%; soybean exports were US$2.21 billion, and exports to China accounted for 74.7%.

3. According to the US Department of Agriculture’s September 2020 "Cereals: World Markets and Trade" report, it is estimated that the 2019/2020 rice imports in the Middle East will be 6.48 million tons, the production volume will be 2.95 million tons, and the consumption volume will be 9.215 million tons. The inventory is 1.195 million tons, of which UAE rice imports are expected to reach 1 million tons, an increase of about 17.65% from the previous year’s 850,000 tons.

4. As of September 4 this fiscal year, Myanmar has exported 2.5 million tons of rice and broken rice. The Chinese market accounts for 29%.

5. According to a recent report from the Ministry of Agriculture, Forestry and Fisheries of Cambodia, as of September 11, Cambodia had exported more than 3 million tons of agricultural products, including 463,800 tons of rice (165,000 tons to China). In addition, more than 133 rice was exported through informal channels. Million tons.

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