American ag exporters have been finding it increasingly difficult to get their commodities into containers and onto ships as Chinese companies and international shippers monopolize ocean transportation, but lawmakers are hoping to alleviate the situation with new legislation.
Some ag exporters have complained that they can’t get their products into containers or that the filled containers are sitting at port, incurring fees and risking spoilage, because shippers are sending empty containers back to Asia so they can be filled with imports and sent back to the U.S. as fast as possible.
Several shipments of U.S. chicken on their way to China are being diverted to South Korea and Hong Kong because of the disruption at Chinese ports as the country tries to contain the spread of the coronavirus, Agri-Pulse has learned.
U.S. farmers and ranchers will have to wait longer for the expected surge of Chinese purchases agreed to under the "phase one" trade deal as the country grapples with trying to stop the spread of the coronavirus, National Economic Council Director Larry Kudlow said Tuesday.
The top trade official in the United States says he is aware of reports about the impact of the coronavirus on China's ability to fulfill commitments made during recent trade negotiations but has yet to formally hear from his counterparts there.
Leaders of the Senate Agriculture Committee are rushing to finalize agreement on a bipartisan farm bill with an eye toward getting it out of the chamber this month to set the stage for negotiations with their House counterparts.