Market Weekly: January 5 – 11 2020

Super Harley

China Will Not Boost Quotas for Agriculture Imports from the US

Via senior agriculture official Han Jun quoted by Caixin

China will not increase its annual low-tariff import quotas for corn, wheat and rice to accommodate stepped-up purchases of farm goods from the United States
Quota is offered to global markets and “we won’t adjust it for one country.”
he agriculture ministry did not immediately respond to a request for comment.

So what is this trade deal? More questions about how China will meet target on US agricultural goods ?