Five Chinese sorghum carriers changed course after China introduced high margin
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Sorghum is a small grain crop for livestock feed, which accounts for a mere $about one billion in a trade game of hundreds of billions of dollars between China and the United States. Both China and the United States threaten to impose tariffs on large quantities of goods from steel to electronics.
Sorghum suppliers in the Pacific, the Atlantic and India oceans feel the pain of the supply chain link, highlighting the rapid impact of Sino US trade tensions on the global agricultural industry. The industry is distressed by the low price of the world's grain production.
According to the export inspection data of the Federal Department of agriculture (USDA) of the United States Department of agriculture (USDA), there are 20 ships with more than 1 million 200 thousand tons of sorghum sailing at sea, worth more than $216 million. The Reuters shipping data showed that at least five of the ships had changed their course in the hours after China announced an import margin move to the United States sorghum on Tuesday.
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