Source: Bloomberg
Author: Hallie Gu, Tarso Veloso, Keira Wright
With the deepening of China's economic downturn, the granary of the world's second largest economy is full of grain, and China's long -term slowdown in China's long -term slowdown in imported countries is challenging global farmers.
The pressure of the global market has been appeared, France's export of barley in China has been declining, and the corn in the new season of the United States has not yet been sold throughout the batch. Australian wheat farmers may feel nervous because they are ready to start a new one in the next few weeks.crop.
It is difficult to change all in the short term, and the aging of the population is overweight.Traders and farmers will need to begin to adapt to very different demand prospects.Even if the concerns about food security have kept imports in the next few years, the rapid growth in the past 20 years will probably end.
"People are getting more and more pessimistic about economy and demand," said Ivy Li, a commodity market analyst at StoneX in Shanghai, said, "The importers will be very cautious, the purchase speed will slow down, and more on -demand purchase. Confidence.The impact of collapse is everywhere. "
China's economic slowdown and the real estate market dilemma has cracked down on consumer confidence, forcing familiar families to reduce meat consumption and abandon meals to eat, which suppresses the demand for crop needed for pigs or fried foods.
Beijing has taken measures to protect farmers, requiring traders to restrict imported corn, barley and sorghum to alleviate the excess supply caused by buying overseas cheap crops earlier this year.In addition, China has adopted action to reduce the use of soybean meal in animal feed.
