China urges food companies to boost supplies on fears of further COVID-19 disruption

  • 📰 Reuters
  • ⏱ Reading Time:
  • 66 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

China has asked trading firms and food processors to boost inventories of grains and oilseeds as a possible second wave of coronavirus cases and worsening infection rates elsewhere raise concerns about global supply lines.

FILE PHOTO: A worker inspects soybeans during the soy harvest near the town of Campos Lindos, Brazil February 18, 2018. Picture taken February 18, 2018. REUTERS/Ueslei Marcelino/File Photo

“They have advised us to increase stocks, keep supplies higher than we usually have. Things are not looking good in Brazil,” he added, referring to China’s main supplier of soybeans and a key meat exporter where the number of coronavirus cases has surpassed those in Spain and Italy. China’s Ministry of Commerce did not respond to a fax seeking comments on plans to increase food stocks.Brazilian shipments of soybeans were delayed in March and April due to a combination of heavy rains and reduced manpower as coronavirus containment measures took effect, leading to a plunge in Chinese soy inventories to record lows.China’s state-owned agriculture conglomerate COFCO and grain stockpiler Sinograin have been stepping up purchases of U.S. soybeans and corn in recent weeks.

China is under pressure to buy more U.S. farm products under a trade deal signed between Washington and Beijing in January, and trade sources expect more of China’s crops to come from the United States once the South American export season ends and the North American harvests approach in the autumn. FILE PHOTO: Employees working at cargo ship Kypros Land which is loading soybeans to China at Tiplam terminal in Santos, Brazil, Merch 13, 2017. Picture taken March 13, 2017. REUTERS/Paulo Whitaker/File Photo

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

What’s going on...

At least they wont run out of blueberries 😆

Businesses & Individuals globally who lost revenue due to Chinese Corona Virus PANDEMIC & now turning into a global financial crisis should demand for financial compensation-monetary remittances from Chinese embassies/consulates or straight from the Chinese government itself 🇨🇳

some DO understand the problem and are pro-active. Some don't. RiskManagement101 Coronavirus

We have farmers that just planted barely and meat ready to go to China but THEY put a stop to it so they must not be to serious about feeding people

geoff_p_wade

It’s time the whole world united and initiate a trade embargo on China, until they cough up some money to pay for this catastrophic disaster that they’ve caused. Putting greed and profit aside,Amazon and EBay should take the lead on this.

EFF OFF CHINA MURDERERS...

Smart China, too many scientists telling us there will be a second round, I believe in science and food will be a problem, as well as water.

Pestilence, famine, war?

China, what the fuck have you done?

'farther' not 'further' is proper in this context.

China has entered a trade war with its neighbours, especially Australia. It's annoyed at Australia's support for an independent inquiry into the origins of the Wuhan virus. China is a bully which needs a concerted effort from free, democratic nations to bring it back into line

Boost supplies only because of Covid? Not about the locust attack on crops?

Wonder what footwear he is wearing?

Reuters never has the right picture

And you chose a picture showing someone who's not Chinese.

Meanwhile in Shandong province, the largest food production province of China, the government forces local farmers moving to crowd apartments and recollect their lands and houses, rumor says it helps reducing agricultural ppl and helping shangdong being more like modernized.

India urges stoppage of china items to prevent the upcoming issues like covid

This the same China that was hoarding medical supplies/PPE or threatening to hold them back or delay them?

Never fear. China is gonna open up more wet markets to help with food production.

United States United States Latest News, United States United States Headlines