The state-run Xinhua News Agency reported U.S. pecan growers are eager to get back into the Chinese market. In 2017, U.S. pecan in-shell exports reached more than $300 million with more than 76% going to China.
The report noted U.S. growers indicate the trade battle with China has prompted a 40% decline in prices via oversupply from the loss of exports to China.
Meanwhile, early this week Bloomberg reported U.S. chicken firm Sanderson Farms has kick-started exports to China after a ban on American poultry supplies was lifted last month. The company earlier this month sent its first container of chicken feet to China since the 2015 ban and is loading more this week, said Chief Executive Officer Joe Sanderson. The third-largest U.S. chicken producer expects the 35% tariffs will be removed next year, helping accelerate exports.
Green Plains Ethanol expects the corn-based fuel will also be in the mix, predicting there could be one billion gallons of the product moved to China.
Welcome
