Shandong Chenxi Group, Once One of China’s Largest Soybean Importers, Files for Bankruptcy

Formerly China’s largest soybean importer, Shandong Chenxi Group, filed for bankruptcy due to its inability to pay off debts…Full Article: Sina Finance July 2018 ChinaAg Comments On 6 July 2018, China increased the import tariff rate for U.S. soybeans to 25%. The increase was in retaliation to similar tariff increases by the U.S. on Chinese

Heilongjiang Province’s Fuyuan Port Building Up its Grain Transportation Capacity

A grain transportation port connecting Russia and China is under construction in northeast China’s Heilongjiang Province, local authorities said. Construction of the port began in early April. The first stage, with 150,000 tonnes of annual throughput, will be completed by September this year…Full Article: Xinhua Apr 2018 Key Point Once completed in September 2018, Heilongjiang

Chinese Imports of Wheat, Soybeans, Beef, and Dairy Products Continue to Rise

China’s imports of major agricultural products continued to increase fast in the first five months of the year, driven by price gaps between domestically produced products and imported products, according to the Ministry of Agriculture. Wheat imports between January and May reached 2.2 million metric tons, an increase of 67.3 percent year-on-year, while import of