UpdateTime：2020-01-20Source: Shandong Fu Animal Husbandry Technology Co., LTD
Big news! China will increase its reserves after the first phase of an economic and trade agreement with the United States is signed next week
At the first press conference of 2020, the Ministry of Commerce brought key messages. At the invitation of the US side, Liu He, member of the Political Bureau of the CPC Central Committee, Vice Premier of the State Council and Chinese leader of the China-Us Comprehensive Economic Dialogue will lead a delegation to Washington from January 13 to 15 to sign the first-stage economic and trade agreement with the US side, spokesperson Gao Feng said at a regular press conference on January 9.
In addition, Gao Feng said, will work with relevant departments to increase the central reserve of meat. Office of the central committee of the communist party of China, the State Council general office recently issued "about to do a good job of 2020 during the Chinese New Year's day notice, will implement the responsibility system of" vegetable basket "the mayor, a solid production of major agricultural products such as pork price guarantee for steady work, ensure the urban and rural residents" vegetable basket "product demand, pay attention to prevent linkage rising prices.
In the first phase of the china-us economic and trade agreement, China promised to significantly increase the import of agricultural products. After the implementation of the agreement, China will import some wheat, corn and rice from the US. On January 4, Han Jun, a member of the China-Us economic and Trade negotiation and deputy director of the China Agricultural Affairs Office, confirmed to the media that the import quota of corn, wheat and rice would not be adjusted. "[The TARIFF rate quota] is a global quota and we will not adjust it for one country," Mr Han said.
At present, China's implementation of import tariff quota management of agricultural products mainly include wheat, corn, rice (rice), fertilizer, sugar, cotton, wool, wool, 8 kinds of commodities, among which wheat, corn, rice (rice) within the quota tariff is 1%, the tax rate outside the quota is 65-180%, so there are very few imports outside the quota.
According to the application and Distribution Rules of grain Import tariff Quota for 2020 released by the Ministry of Commerce, the total amount of grain import tariff quota in 2020 is 9.636 million tons of wheat, 7.2 million tons of corn and 5.32 million tons of rice. The total amount of the three main grains is about 22.156 million tons, accounting for about 4% of China's annual grain production. The General Administration of Customs also made it clear recently that it will continue to implement TRQ administration on eight categories of commodities, including wheat, and the tariff rates will remain unchanged.
The situation in The United States and Iran has eased, and the United States is reportedly ready to negotiate unconditionally and seriously with Iran. The focus in financial markets turned to the release of US non-farm data this evening. Analysts said a positive signal from the non-farm farm data would weaken expectations of a rate cut by the Us Federal Reserve.
According to the latest news from Xinhua news Agency this morning, the US House of Representatives passed a resolution on September 9, which aims to limit the President's power to use force against Iran.
Notably, agricultural futures led the way last night, with palm oil up 2.47 per cent. Shi Lihong, a futures researcher at Citic Construction Investment Co., said that expectations of palm oil production cuts continue to materialise, and expectations of falling inventories at producing areas support the market to be bullish. India cut import tariff on horse palm and actively purchased horse palm under the condition of low stock of domestic vegetable oil, which boosted the price of producing area to rise sharply, aggravated the upside down profit of palm oil import, and formed strong support for palm oil price.