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China to Curb Purchases of U.S. Farm Goods, Fitch Solutions Says

  • Brazil will be a winner as its share in China imports may rise
  • Other key agribusiness themes include logistics, soaring costs

Relations between the U.S. and China are set to remain strained, which could prompt Beijing to continue diversifying its imports of agricultural goods and keep America’s share low, according to Fitch Solutions. 

China may continue to limit soybean and other agricultural purchases from the U.S. as geopolitical tensions persist, the research company said in a note. Brazil will be a winner, with its share in the Chinese market poised to stay elevated and could rise further for some commodities such as meat and cotton.