China made its biggest purchase of U.S. sorghum since April last week, according...
CHICAGO - China made its biggest purchase of U.S. sorghum since April last week, according to U.S. Department of Agriculture data issued on Thursday, as Washington and Beijing revive discussions to end their trade war.
The world’s top sorghum importer bought 51,072 metric tons of the grain even though China imposed a 25% tariff on American shipments in July 2018 as part of the tit-for-tat trade dispute. The purchases will likely be used to feed livestock or make a fiery Chinese liquor called baijiu.The United States and China agreed last month to restart trade talks that stalled in May. U.S. President Donald Trump said at the time he would not to impose new tariffs and U.S.
“It’s still a good price for them even with the tariff,” said Don Bloss, a Nebraska sorghum farmer and past chairman of the National Sorghum Producers. China bought about $839 million of U.S. sorghum in 2017, accounting for a whopping 80% of U.S. sorghum exports. But Beijing’s tariffs last summer slashed U.S. shipments to Chinese buyers.
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