International Agriculture News

Prices for agricultural products are growing thanks to successful negotiations between the U.S. and China

Onducted at the end of the summit G20 negotiations between the US and China became the main event of the meeting of world leaders, as the trade war between the two key economies have caused damage to other countries.

During the meeting J. trump and XI Jinping, which lasted more than 2 hours, it was decided to stop trading the confrontation and to open Chinese markets to American goods.

The United States will from 1 January 2019 to raise tariffs on imported Chinese goods from 10% to 25%, and China in response has agreed to buy U.S. agricultural products in volumes, however, not yet known in what form.

Trump has promised to leave the fee at the rate of 10% within 90 days, for which countries need to resolve trade disputes, otherwise fees will be increased.

“China must within a specified period to negotiate the purchase of significant quantities of agricultural, industrial and energy products manufactured in the USA to reduce the trade imbalance between the countries, – have informed in administration of the tramp, and immediately start to buy goods of American farmers.”

The long-awaited decision, the markets reacted to the rapid growth of quotations for soya beans and oil, corn and wheat, which in electronic trading immediately increased by 1-2% and continue to rise on Monday after the opening exchanges.

Grain Traide