As of the week of November 18, China bought 883,000 tons of new beans from the United States
Washington, November 26: The weekly export sales report released by the US Department of Agriculture shows that in the week ending November 18, the United States sold 883,000 tons of new beans for delivery in the 2020/22 season to China (Mainland China). For comparison, the United States sold 728,000 tons of new beans to China in the previous week.
Looking at the sales of other grains, China ordered 78,000 tons of US corn and 150,000 tons of sorghum that week. In addition, the United States shipped 282,000 tons of corn, 215,000 tons of sorghum and 1.411 million tons of soybeans to China that week.
According to the latest statistics from the Peterson Institute, the purchases in 2020 and 2021 are combined. According to the first phase agreement signed between China and the United States in January 2020, China pledged to purchase US$80.1 billion in US agricultural products in the two years from January 2020 to December 2021. In the 21 months ending September 2021, China has purchased US$50.3 billion in US agricultural products, which is equivalent to 75.8% of the US$66.4 billion target at the end of September.
In the calendar year of 2020, China bought US$23.5 billion in US agricultural products, which is equivalent to 64% of the first-year purchase target.