US agricultural exports to China fell 53% in the first half of the year from the same period in 2024, with a 51% decline in soybeans, Xie said in the speech to a soybean industry event in Washington on Friday. The envoy said agriculture is a promising area of cooperation and a “pillar of bilateral relations.” China has a comparative advantage in labor-intensive products, while the US excels in land-intensive bulk commodities through mechanized, large-scale production, he said. US soybean exporters risk missing out on billions of dollars worth of sales to China this year as trade talks drag on and buyers in the top oilseed importer lock in cargoes from Brazil for shipment during the key US marketing season, traders say.
Author: Reuters
Published at: 2025-08-24 22:41:40
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