Argentina and Brazil may fill China’s soybean needs if China imposes a 25% tariff on U.S. soybean exports. Chad Hart, an agriculture economist at Iowa State University, says the impact depends on what happens during negotiations.
“It is so hard to say, ‘This is what is going to happen.’ There are so many other moving parts,” he says. “This is a disagreement between the U.S. and China, but it has ramifications for Argentina and Brazil.”
खेती से जुड़े रोचक वीडियो देखने और नई चीजें सीखने के लिए Kisan Khabar के Youtube Channel के नीचे दिए गए लाल रंग के बटन पर जरूर क्लिक करें।
कृप्या फेसबुक लाइक बटन पर क्लिक जरूर करें ताकि आपको खेती की अच्छी और काम आने वाली ख़बरें आसानी से फ्री में मिल सकें।
Typically, Hart said, there’s enough outside trade and production that you can easily replace one market with another.
टेलीग्राम (Telegram) एप पर खेती-बाड़ी की अच्छी और काम आने वाली ख़बरें रोज फ्री में पाने के लिए ग्रुप को ज्वाइन करें।
But with soybeans, “China is the world’s largest consumer, and the U.S. is the largest producer … so they’ll need to replace the U.S. with some other country,” he said.
Purdue University estimates that U.S. soybean exports to China could drop up to 71% if tariffs are put in place, according to a study released March 28. This means the country would still need about 29% of U.S. soybeans.
China is a top customer for both Argentina and Brazil.
Argentina exported $3.2 billion worth of soybeans in 2016, according to data from the World Bank. Brazil exported $19 billion worth of soybeans.
स्टोरी पर कृप्या कॉमेंट करें
Hits: 208
Like!! I blog frequently and I really thank you for your content. The article has truly peaked my interest.
It is in reality a great and useful piece of info. Thanks for sharing. 🙂
Perfectly composed articles , thankyou for information. 🙂