China has signed a US $ billions of US dollar agricultural product procurement agreement, which is the first time that China and the United States have signed such large agreements since 2017.
According to Reuters, the U.S. Soy Export Committee said on Tuesday (October 24), saying that the Chinese commodity importer importer delegation on Monday (October 23) was sustainableAt the Agricultural Trade Forum, a procurement agreement worth billions of dollars, mainly soybean and other agricultural products.
This is the first time that China has signed such a large agreement with the United States since 2017.China is the world's largest soybean importer, and the United States is the world's second largest oilsee supply country.
The US Soy Soy Export Committee said that agricultural products covered by the procurement agreement include corn, sorghum and wheat.
The committee also said that the major American crop traders Abund Danielsmidland (ADM), Bunge and Cargill and other companies, in the form of framework contracts, have representatives of Chinese representatives.The regiment signed 11 procurement agreements.
The framework contract is usually a letter of intent for purchasing without binding, and there is no formal sales terms.
It is reported that due to the biggest harvest of the world's largest corn and soybean exports in Brazil this year, the total amount of crops imported from the United States from the United States is far lower than the normal level.
