High Food Prices, Chinese Demand Boost Prospects of U.S. Agriculture Companies

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The U.S. agriculture industry is projecting another strong year, with elevated crop prices and China's rebound from Covid-19 expected to boost farmers, chemical suppliers and grain traders

Grain-trading middlemen, including Archer Daniels Midland Co. and Bunge Ltd. , said demand for crops, vegetable oils and livestock feed will remain strong in 2023.

China is also expected to increase its crop imports as Covid-19 restrictions in the country ease, executives said. Seed and pesticide sellers said those forces should support crop prices and keep farmers flush with cash, enabling them to shell out for higher-priced supplies.

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 /  🏆 98. in PT
 

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They screw us on trade, and we feed them so they can go on doing it.

but covid19 in China didn't rebound until now

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