State companies may stop buying American pork! Industry insiders say: June-July

Reuters on June 1, citing two sources, said China had asked state-owned companies to suspend purchases of soybeans and pork from the United States after the United States said it would lift special treatment for Hong Kong in response to China's introduction of an national security law in Hong KongIf Washington moves further, China will expand its order, including more U.Sagricultural products, Reuters quoted sources as sayingGWA1, tension upgrade! Tentative import of U.Spork?GWABloomberg reported on the same day that several people familiar with the situation said Beijing's assessment of Hong Kong would escalate tensions with the United States, while Chinese government officials asked major state-owned agricultural companies to suspend purchases of some U.Sagricultural products, including soybeans and porkGWABloomberg quoted an anonymous source as saying that COFCO and COFCO had been ordered to suspend purchasesA source pointed out that some Chinese buyers have also cancelled an unspecified number of U.Spork ordersGWAAnother source said private companies had not been told to stop imports, but commercial buyers were now cautiousGWAA source familiar with the government's plans said tensions between China and the Us were rising in other areas and that "trade of a certain size would be suspended" but not completely stoppedHowever, he adds, it is easy for China to find other sellersThe sources declined to be named because of the sensitivity of the matterGWAHowever, it should be noted that these information has not yet been confirmed by the Chinese authoritiesGWAThe U.SDepartment of Agriculture reported that China's purchasing power was worth $1,028 million worth of soybeans and $691 million worth of pork in the first quarter of 2020GWAIn addition, some research institutions said that the impact of the new foreign crown epidemic, June-July frozen meat imports will fall by 50%GWA2, foreign public health events will also affect the import of frozen meatGWAChina's pork imports: 61.56 per cent from the European Union, Canada in second place, Brazil and Chile, two Latin American countries, exported to China in the past two years, the United States is also one of the major importers of domestic pork, with 8.1% of the fourth placeGWAThe situation of Xinguan, China's main pork importer, is more severe At present, the number of confirmed people in the United States is the first in the world, local pork processing enterprises have many infections, pig breeding, slaughtering and pork export business are affected to varying degrees Spain, Italy, the United Kingdom, Germany and France several European countries are serious outbreak countries, there are cities in various countries have different degrees of blockade policies, pork export business has basically stalled Brazil, Canada and Chile are slightly better than the previous ones, but the situation in the outbreak is still not optimistic GWA 　　Customs data show that domestic pork imports reached a new record high of 2.108 million tons in 2019 Although the global outbreak of new crown pneumonia is serious at this stage, imported pork is mostly 1-2 months forward contract, that is to say, it will take 1-2 months to order the ship to Hong Kong So the latest imports of pork in March 2020 will be in February, and the domestic outbreak was tightly controlled in February, but the global new crown outbreak has not yet spread significantly, resulting in high imports in the first quarter of 2020 In March 2020, China's total pork imports amounted to 39.10 million tons, up 207.35 percent year-on-year In the first quarter of 2020, China's pork imports amounted to 95.1 million tons, up 184.51 percent year-on-year GWA 　　In March, domestic pig supply increased, but demand reduced, pig prices continued to fall led to a decline in domestic pork prices Traders on the market bearish mood turned strong, imported pork prices also showed a decline, but the difference between imported meat and domestic meat prices is still large, its price advantage is greater, so pork imports continue to increase GWA 　　At present, the foreign epidemic is still not optimistic, especially in China's major pork importers in the European Union and the United States and other places, the outbreak is more serious, some large pig enterprises appear to stop slaughteror or stop production operation At the same time from the port analysis, after the spread of the epidemic, although only a very small number of ports in various countries announced the suspension of port activities, but most of the ships and personnel in and out of the port to introduce control and isolation measures, so the smooth flow of trade has a greater impact At the same time, domestic pork prices continued to fall, long-term bearish expectations strengthened Combined with the analysis of imports from pork importing countries, Tronstro expects domestic pork imports to fall significantly from 4-5 month-on-month to around 30%, or by 50% in June-July According to the development law of the new coronal pneumonia outbreak and the degree of control of each country, combined with the shortage of domestic pork, ZhuoTron expects to import pork or gradually recover after August GWA 　　In the long run, under the premise that the country's new crown epidemic can be quickly controlled, Zhuozheng expects domestic pork imports to be at 2.3 million tons in 2020, an increase of 9.11% over 2019 With the continuous recovery of domestic production capacity, domestic pork prices or gradually reduced to a reasonable range, import trade profit margins are again compressed, it is expected that 2021-2022 domestic imports of pork or gradually reduce, in 2022 to less than 1.5 million tons GWA Reuters on June 1, citing two sources, said China had asked state-owned companies to suspend purchases of soybeans and pork from the United States after the United States said it would lift special treatment for Hong Kong in response to China's introduction of an national security law in Hong Kong If Washington moves further, China will expand its order, including more U.S agricultural products, Reuters quoted sources as saying GWA 1, tension upgrade! Tentative import of U.S pork? GWA 　　Bloomberg reported on the same day that several people familiar with the situation said Beijing's assessment of Hong Kong would escalate tensions with the United States, while Chinese government officials asked major state-owned agricultural companies to suspend purchases of some U.S agricultural products, including soybeans and pork GWA 　　Bloomberg quoted an anonymous source as saying that COFCO and COFCO had been ordered to suspend purchases A source pointed out that some Chinese buyers have also cancelled an unspecified number of U.S pork orders GWA 　　Another source said private companies had not been told to stop imports, but commercial buyers were now cautious GWA 　　A source familiar with the government's plans said tensions between China and the Us were rising in other areas and that "trade of a certain size would be suspended" but not completely stopped However, he adds, it is easy for China to find other sellers The sources declined to be named because of the sensitivity of the matter GWA 　　However, it should be noted that these information has not yet been confirmed by the Chinese authorities GWA 　　The U.S Department of Agriculture reported that China's purchasing power was worth $1,028 million worth of soybeans and $691 million worth of pork in the first quarter of 2020 GWA 　　In addition, some research institutions said that the impact of the new foreign crown epidemic, June-July frozen meat imports will fall by 50% GWA 2, foreign public health events will also affect the import of frozen meat GWA 　　China's pork imports: 61.56 per cent from the European Union, Canada in second place, Brazil and Chile, two Latin American countries, exported to China in the past two years, the United States is also one of the major importers of domestic pork, with 8.1% of the fourth place GWA 　　The situation of Xinguan, China's main pork importer, is more severe At present, the number of confirmed people in the United States is the first in the world, local pork processing enterprises have many infections, pig breeding, slaughtering and pork export business are affected to varying degrees Spain, Italy, the United Kingdom, Germany and France several European countries are serious outbreak countries, there are cities in various countries have different degrees of blockade policies, pork export business has basically stalled Brazil, Canada and Chile are slightly better than the previous ones, but the situation in the outbreak is still not optimistic GWA 　　Customs data show that domestic pork imports reached a new record high of 2.108 million tons in 2019 Although the global outbreak of new crown pneumonia is serious at this stage, imported pork is mostly 1-2 months forward contract, that is to say, it will take 1-2 months to order the ship to Hong Kong So the latest imports of pork in March 2020 will be in February, and the domestic outbreak was tightly controlled in February, but the global new crown outbreak has not yet spread significantly, resulting in high imports in the first quarter of 2020 In March 2020, China's total pork imports amounted to 39.10 million tons, up 207.35 percent year-on-year In the first quarter of 2020, China's pork imports amounted to 95.1 million tons, up 184.51 percent year-on-year GWA 　　In March, domestic pig supply increased, but demand reduced, pig prices continued to fall led to a decline in domestic pork prices Traders on the market bearish mood turned strong, imported pork prices also showed a decline, but the difference between imported meat and domestic meat prices is still large, its price advantage is greater, so pork imports continue to increase GWA 　　At present, the foreign epidemic is still not optimistic, especially in China's major pork importers in the European Union and the United States and other places, the outbreak is more serious, some large pig enterprises appear to stop slaughteror or stop production operation At the same time from the port analysis, after the spread of the epidemic, although only a very small number of ports in various countries announced the suspension of port activities, but most of the ships and personnel in and out of the port to introduce control and isolation measures, so the smooth flow of trade has a greater impact At the same time, domestic pork prices continued to fall, long-term bearish expectations strengthened Combined with the analysis of imports from pork importing countries, Tronstro expects domestic pork imports to fall significantly from 4-5 month-on-month to around 30%, or by 50% in June-July According to the development law of the new coronal pneumonia outbreak and the degree of control of each country, combined with the shortage of domestic pork, ZhuoTron expects to import pork or gradually recover after August GWA 　　In the long run, under the premise that the country's new crown epidemic can be quickly controlled, Zhuozheng expects domestic pork imports to be at 2.3 million tons in 2020, an increase of 9.11% over 2019 With the continuous recovery of domestic production capacity, domestic pork prices or gradually reduced to a reasonable range, import trade profit margins are again compressed, it is expected that 2021-2022 domestic imports of pork or gradually reduce, in 2022 to less than 1.5 million tons GWA articles related to the "Pork" : Recommended Features: News Hits: Hot Picture News: News Review: Seven Mouths Forum: