Such a thought was voiced by the director of the Chinese company Dongling Grain & Oil Renault Kvach at the Black Sea Grain conference. He considers American raw materials unimportant for China.
China can easily replace American product with raw materials from other countries. So, the Ukrainian corn successfully replaced the American one. Wheat China imports only 11%. Against the backdrop of a huge domestic market, this is not significant, Renault Quach said.
See also:According to him, China is dependent on imports of soybean, barley and sorghum. But in 2018, the country significantly reduced shipments from the United States, which amounted to almost 50%. South American producers are happy with the profits they make. Panamax alone is $ 9 million. And China is ready to buy the same feed barley from Ukraine.
As for meat imports, here China is not very dependent on the United States. Another issue is the impact on US exporters. China has found an alternative for them, but it is impossible to find a sales market that can be compared with the Chinese one. What will happen next? This will depend on the availability of a treaty between China and the United States. If it is signed, then the Chinese side will be able to return to normal business with the Americans, Renault Kvach explains.
We recommend to read:But if an agreement with the United States is reached, it will have a bad impact on purchases of products from Ukraine. The supply of feed barley in the event of termination of the trade dispute from Ukraine will fall. The volume of purchases of Ukrainian corn may also decrease, the representative of the Chinese side summed up.
