World Grain - January 2020 - 48

U.S.-CHINA
TRADE WAR CASTS LONG SHADOW

Expect more freight rate volatility on international grain trade in 2020

A
The IGC forecasts world grain
trade to increase
by 2.9% in
2019-20.

48

nother year passes and still the U.S.-China
trade war casts its disruptive shadow over
world trade. Throughout 2019, the fallout from
hostilities between the world's two largest economies
has been damaging in the extreme, causing global economic uncertainty and dampening growth prospects
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As World Grain went to press in mid-December, the
two sides announced a phase one deal in which the
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enacted on Dec. 15, while China committed to additonal purchases of U.S. goods and services. However,
there was confusion over the size of the commitment.
U.S. President Donald Trump said China had committed to a target for agricultural purchases of $50 billion

in 2020. U.S. Trade Representative Robert Lighthizer
indicated that China had committed to $16 billion in
purchases above the 2017 (pre-trade war) level of $24
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total in both 2020 and 2021.
"The scale of purchases seems implausible and
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source at Nomura.
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by other forces over the past 12 months. The global
coal trade has been volatile for much of the year and
capesize demand has been hard to read since January
2019 when a tailings dam collapsed at Brucutu mine
in Brazil, resulting in hundreds being killed and

January 2020 / World Grain / www.World-Grain.com

©Alexey Lesik - stockadobe.com

by Michael King



http://www.World-Grain.com

World Grain - January 2020

Table of Contents for the Digital Edition of World Grain - January 2020

World Grain - January 2020
Contents
From the Editor - Searching for grain's next big demand driver
Calendar
News Review
Grain Market Review - Geopolitics helps maize market
Country Focus - Focus on Uzbekistan
Feature - Well positioned for success
Feature - Ranking the world's biggest flour millers
Feature - Brexit certainty ... for a year
Feature - U.S.-China trade war casts long shadow
Feature - Revamping East Africa's grain trade
Feature - Grain, feed experts assess challenges
Feature - Indonesia seeing more rainfall
VICTAM/VIV event focuses on total animal feed, health
VICTAM Product Showcase - VICTAM Asia/VIV 2020 products and services
Supplier News
Archive
Ad Index
World Grain - January 2020 - World Grain - January 2020
World Grain - January 2020 - World Grain - January 2020
World Grain - January 2020 - 2
World Grain - January 2020 - 3
World Grain - January 2020 - 4
World Grain - January 2020 - Contents
World Grain - January 2020 - From the Editor - Searching for grain's next big demand driver
World Grain - January 2020 - 7
World Grain - January 2020 - Calendar
World Grain - January 2020 - 9
World Grain - January 2020 - News Review
World Grain - January 2020 - 11
World Grain - January 2020 - 12
World Grain - January 2020 - 13
World Grain - January 2020 - 14
World Grain - January 2020 - 15
World Grain - January 2020 - Grain Market Review - Geopolitics helps maize market
World Grain - January 2020 - 17
World Grain - January 2020 - Country Focus - Focus on Uzbekistan
World Grain - January 2020 - 19
World Grain - January 2020 - 20
World Grain - January 2020 - 21
World Grain - January 2020 - Feature - Well positioned for success
World Grain - January 2020 - 23
World Grain - January 2020 - 24
World Grain - January 2020 - 25
World Grain - January 2020 - 26
World Grain - January 2020 - 27
World Grain - January 2020 - 28
World Grain - January 2020 - 29
World Grain - January 2020 - Feature - Ranking the world's biggest flour millers
World Grain - January 2020 - 31
World Grain - January 2020 - 32
World Grain - January 2020 - 33
World Grain - January 2020 - 34
World Grain - January 2020 - 35
World Grain - January 2020 - 36
World Grain - January 2020 - 37
World Grain - January 2020 - 38
World Grain - January 2020 - 39
World Grain - January 2020 - 40
World Grain - January 2020 - 41
World Grain - January 2020 - Feature - Brexit certainty ... for a year
World Grain - January 2020 - 43
World Grain - January 2020 - 44
World Grain - January 2020 - 45
World Grain - January 2020 - 46
World Grain - January 2020 - 47
World Grain - January 2020 - Feature - U.S.-China trade war casts long shadow
World Grain - January 2020 - 49
World Grain - January 2020 - 50
World Grain - January 2020 - 51
World Grain - January 2020 - 52
World Grain - January 2020 - 53
World Grain - January 2020 - Feature - Revamping East Africa's grain trade
World Grain - January 2020 - 55
World Grain - January 2020 - 56
World Grain - January 2020 - 57
World Grain - January 2020 - 58
World Grain - January 2020 - 59
World Grain - January 2020 - Feature - Grain, feed experts assess challenges
World Grain - January 2020 - 61
World Grain - January 2020 - 62
World Grain - January 2020 - 63
World Grain - January 2020 - 64
World Grain - January 2020 - 65
World Grain - January 2020 - Feature - Indonesia seeing more rainfall
World Grain - January 2020 - 67
World Grain - January 2020 - 68
World Grain - January 2020 - 69
World Grain - January 2020 - VICTAM/VIV event focuses on total animal feed, health
World Grain - January 2020 - 71
World Grain - January 2020 - VICTAM Product Showcase - VICTAM Asia/VIV 2020 products and services
World Grain - January 2020 - 73
World Grain - January 2020 - 74
World Grain - January 2020 - 75
World Grain - January 2020 - 76
World Grain - January 2020 - 77
World Grain - January 2020 - Supplier News
World Grain - January 2020 - 79
World Grain - January 2020 - 80
World Grain - January 2020 - Archive
World Grain - January 2020 - Ad Index
World Grain - January 2020 - 83
World Grain - January 2020 - 84
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