Policy Shifts in China Make an ImpactSeptember 18, 2017
USDBC’s latest market intelligence from China suggests that agricultural policy changes are having an impact. Corn subsidies have been eliminated resulting in a decrease in corn acreage, soy subsidies are up to US$100/acre and resulting in an increase in soy acreage in bean country. Our on the ground team reports an “overall negative tone about the bean export industry,” and suggests that official policy, citing numerous export challenges, is turning more towards domestic consumption. USDBC will be studying this possible policy shift and its implications.
The full China projected harvest report is available on USDBC’s members only website and provides full details on the unique market dynamics such as:
-Production numbers for light speckled kidney beans and black beans are up by more than 100% over last year.
-White bean production continues to decrease as domestic usage is increasing
-Dark Red Kidney production down slightlyPosted in: Bean Bulletin