US accelerates soybean exports to China

VTV.vn - US agricultural exports to China are accelerating again after months of stagnation due to the tense tariff war between the two countries.

(Photo: AFP/VNA)

After months of freezing, US agricultural exports to China, especially soybeans, are showing signs of accelerating again, since the two countries reached a new agreement in late October to ease recent trade tensions.

Six more bulk carriers are scheduled to load soybeans from U.S. Gulf Coast ports between now and mid-December, according to Reuters sources. Another shipment has already been completed and is en route to China.

In a recent interview, US Treasury Secretary Scott Bessent was also optimistic that China is on the right track in implementing the agreement between the two countries, especially on the issue of purchasing agricultural products.

American farmers and grain traders have been waiting for exports to resume following trade talks between US President Donald Trump and Chinese President Xi Jinping in South Korea in late October.

According to information from the White House, at this meeting, China committed to buying 12 million tons of agricultural products before the end of this year. However, the Chinese side has not yet confirmed specific details from the meeting, including whether it has made any commitments to buy large amounts of American soybeans.

Last month, Chinese importers placed orders for nearly 2 million tonnes of US soybeans for the 2025-2026 crop year (ending August 2026), according to data from the US Department of Agriculture (USDA). However, since that order, new confirmed purchases have been sparse.

Total Chinese purchases remain well below pre-trade war levels, and the absence of this major buyer has pushed U.S. soybean futures to their lowest in nearly five years.

US Agriculture Secretary Brooke Rollins said on December 2 that the Trump administration will announce a support package next week for farmers hurt by low crop prices and trade uncertainties.

Source: https://vtv.vn/my-tang-toc-xuat-khau-dau-tuong-sang-trung-quoc-100251204084650274.htm