Exclusive: China is preparing to buy more than 30 million tonnes of crops for state stockpiles to help protect itself from supply chain disruptions due to the coronavirus pandemic and make good on pledges to buy more U.S. crops, sources say
FILE PHOTO: Corn is harvested from a field on Hodgen Farm in Roachdale, Indiana, U.S. October 29, 2019. REUTERS/Bryan Woolston/File Photo
“The main message from is to secure people’s livelihoods. It is a good time to build up reserves, especially when prices of the goods are at quite low levels,” one of the sources said. One of the sources said it was unclear when the buying would take place. The timing would depend on how the market evolves.
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