Prime Minister Mark Carney said he had “constructive” trade talks with Chinese Premier Li Qiang on the sidelines of the U.N. assembly in New York and covered agri-food products like canola as well as seafood and electric vehicles.
Corn production in Mexico is to improve to 25 million tonnes in 2025/26, while the country’s wheat crop is to recede a little, said the United States Department of Agriculture attaché in Mexico City.
Senior Chinese trade negotiator Li Chenggang met political and business leaders from the U.S. Midwest. Analysts speculate the region’s food exports will be key to any U.S.-China trade deal.
In an unexpected move, Argentina has seriously disrupted any possible new crop soybean purchases to be made by China from the United States, said analyst Michael Cordonnier of Soybean and Corn Advisor Inc. in Hinsdale, Ill.
Agricultural commodity merchant Louis Dreyfus Company recorded a rise in first-half sales, supported by higher volumes shipped, but weaker prices for most crops pushed down profits, it said on Friday.
Chinese state trading firm COFCO has bought up to nine 60,000-metric-ton cargoes of Australian canola, three trade sources told Reuters, after Beijing last month imposed preliminary anti-dumping duties on imports of the oilseed from traditional supplier Canada.