US soya farmers eye new markets’ – that’s the headline of an article in today’s Business Day and also in The Wall Street Journal. It notes that ‘With trade tension cutting deeply into exports, US soybean farmers, industry groups and US government officials are looking for a stronger foothold in the global markets beyond China, including Europe and Southeast Asia.’
This is all good and well, but honestly, the Americans will have a hard time finding new soybean markets, beyond China.
China is a big deal – it accounts for more than two-thirds of global soybean imports – see Figure 1 below.
Click HERE for the full report.
Sourced; Agriculture Economy Today