MOA: epidemic impact on China ’s agricultural trade will continue

Sui Pengfei, director of the International Cooperation Department of the Ministry of Agriculture and Rural Affairs, said recently that due to the epidemic, China ’s foreign trade declined in the first quarter, and agricultural trade was also affected.

Sui Pengfei, director of the International Cooperation Department of the Ministry of Agriculture and Rural Affairs, said recently that due to the epidemic, China ’s foreign trade declined in the first quarter, and agricultural trade was also affected.

At the same time, the increase in imports is lower than in the same period in previous years, while the decrease in exports has been rare for many years.

At present, the situation of the international novel coronary pneumonia epidemic is still complex, and its impact on China’s agricultural trade will continue to appear.

The supply of major agricultural products such as grains in global scale is generally abundant, but the lock-down measures that closed countries and cities, and the restrictions on exports in some countries have increased market volatility and panic and the risk of international supply.

Comprehensive research shows that the agricultural trade situation in the second quarter was not optimistic.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/04/29/moa-epidemic-impact-on-china-s-agricultural-trade-will-continue/.

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