Impact of Coronavirus on Ag Exports
The fear of the coronavirus is having a massive impact on China... but considering trade and exports, what about American agriculture?
Mark Jekanowski with the USDA says so far there's been no let-up in U.S. soybean export sales and shipments to China.
Joel Haggard is with the US. Meat Export Federation went a step further... he says while the economy in China has slowed considerably, at this point, China has not closed for business.
“Rumors of Chinese port closures are just that, rumors. Clearance of goods may have been slowed because of the holidays but we’re not aware of any port closures due to disease risks. Even during the bleakest days of SARS here in Hong Kong, that port was still loading and unloading vessels 24/7.”
Haggard adds the Chinese government is working nationally and with local offices to ensure food reaches its destination and that hording or price-gouging do not take place.