CNS Canada — The China Feed Industry Association is proposing soybean meal in hog rations be reduced, to offset rising costs and reduced supplies caused by the U.S.-China trade war.
China imported about 87 per cent of its soybean needs last year and one-third of that came from the U.S., according to a report in the South China Morning Post.
The proposal remains open for comment until Oct. 15. The association said the move was designed to reduce the country’s reliance on foreign suppliers, although it did not mention its trading relationship with the U.S. by name.
U.S. biofuel refueled
U.S. President Donald Trump’s plan to eliminate the ban on summer sales of gasoline with 15 per cent ethanol content, also known as E15, is going down well in corn country, according to reports by Associated Press.
Trump said he wanted to boost energy production and to help farmers and refiners.
“The president’s action isn’t just a win for corn farmers and the ethanol industry, motorists everywhere will now be able to fuel up at the pump year-round with E15… that’s what I call good news for all of us,” Illinois Corn Growers Association president Aron Carlson said in a statement.