African competitors of Amur soybeans: how Chinese media assess the prospects for the export of legumes

Published Dec 8, 2020

Tridge summary

Chinese media are reporting on China's efforts to diversify its soybean imports due to potential sanctions from the US and its allies. In response to protectionist policies, China is looking to increase imports from Africa, with trade agreements already signed with Ethiopia and Tanzania. The tropical climate and fertile soils of the African continent offer significant potential for soybean production. Additionally, African soybeans are GMO-free, providing an advantage over American and Brazilian soybeans. This strategic move is expected to help correct the trade imbalance and contribute to Africa's economic growth.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

African competitors of Amur soybeans: how the Chinese media assess the prospects for the export of legumes The soybean war between China and Russia has been one of the popular topics of Russian and foreign media over the past few years. Every year, the PRC imports about 90 million tons of soybeans from different countries. The main global suppliers are Brazil, USA, Argentina. At the same time, as Chinese journalists write, America, in an effort to ensure its economic and military superiority in the world and maintain its status as a world power, has taken up the destruction of the established institutions and rules of world trade. And now it is struggling to hold back Chinese economic expansion. However, the Celestial Empire no longer wants to be a “soft persimmon” and will toughly defend its own economic interests. How China solves the problem of import dependence of legumes, according to articles from the Chinese media - in the material of "Amurskaya Pravda". Sanctions in ...

Source: Oilworld