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USDA’s chief economist says China’s lack of transparency “takes risks.”

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USDA’s chief economist says China’s lack of transparency “takes risks.”

USDA’s chief economist says China’s lack of transparency makes it difficult to predict US exports.

Economic outlook at the round table Meowa renewable fuel summit At Des Moines on Tuesday, Dr. Seth Meyer highlighted strong foreign demand for US corn dating back to 2020.

“We had many traditional trading partners outside of China, but obviously trade has a lot of influence, and China is a big part of it. And we are all I’m sure you’ll never be convinced. It poses a risk because of the constant lack of transparency to the Chinese market. “

He says the USDA is trying to predict China’s grain inventories.

“But to be fair, it’s difficult to decide. We don’t have complete transparency in their market.”

Another reason China is unpredictable, according to Meyer, is that it imported about 30 million tonnes last year, despite a tariff quota of about 7 million tonnes for corn, but did not announce that it would raise its TRQ. rice field.



USDA’s chief economist says China’s lack of transparency “takes risks.”

https://brownfieldagnews.com/news/usda-chief-economist-says-lack-of-transparency-by-china-poses-a-risk/ USDA’s chief economist says China’s lack of transparency “takes risks.”

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