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

  • 📰 WSJ
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

 

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

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

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:

 /  🏆 98. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines