Chinese officials reportedly pledged at the World Trade Organization to start importing more corn, wheat and rice as promised, while curtailing its domestic subsidies. China says it will not fight the two cases it lost to the U.S. which has agreed to give China more time to come into compliance. A study by Iowa State University shows U.S. wheat exporters lost about 700-Million-dollars because of China’s domestic support programs that had Chinese wheat prices as much as 10-dollars a bushel, causing domestic over-production.
Continue reading Chinese say at WTO they’ll buy corn, wheat, rice at Brownfield Ag News.
