Anticipating Chinese imports of US agricultural products
In 2019, China effectively ranked as the 3rd largest importer of US Agricultural products with over $13.8bn worth of trade. In the first quarter of 2020, China imported twice as many U.S. soybeans and six times as much pork than a year ago, according to China Customs.
Shipfix data insights feature a forward curve based on global market orders that allows to predict Import/Export Unique Commodities Forward Curves. A significant increase in Chinese imports of US agricultural products is anticipated in 2H 2020 as illustrated in the spike of orders voyage orders with a laycan beyond 4 weeks.