Source: NCDA&CS, 3/5/21

The value of agricultural exports to China reached US$26.4 billion, accounting for more than 18%. China ranks first among all export destinations. The most exported agricultural product is soybeans with a single-year increase of 77.78% and a total increase of more than 350% in two years. And the export value of corn and nuts ranked second and third.


China once again became the largest trading partner of the U.S. in 2020, not because of imports from China, but because of exports to China.

Farmers -- especially ones raising cattle, hogs and poultry -- are getting squeezed by the highest corn and soybean prices in seven years. It’s lifted the costs of feeding their herds by 30% or more. To stay profitable, producers including Tyson Foods Inc. are increasing prices, which will ripple through supply chains and show up in the coming months as higher price tags for beef, pork and chicken around the world.

All schools in China reopened this week after a 6-week (2-week longer than normal) long winter holiday. It is very likely that summer school holiday will be 2-week shorter this year in order to finish regular learning schedules. And China aims to vaccinate about one billion people by the end of 2021.