Brazilian officials say there is no room for fear when it comes to the country’s capacity to keep up with Chinese demand for iron ore. Iron ore prices hit six-and-a-half year highs last week as the Chinese construction and manufacturing sector experiences levels of activity last seen almost a decade ago.
Black beans are up nearly 30%, beef about 40% – Brazilians are facing a skyrocketing rise in food prices, caused by record exports to China and strong domestic demand. This rebound, amid the economic and social crisis caused by the new coronavirus pandemic, has led the president, Jair Bolsonaro, to ask the owners of supermarkets to show patriotism and keep their profit margin as low as possible.
Japan suspended imports of pork and live pigs from Germany after a case of African swine fever (ASF) was confirmed in a wild boar in eastern Germany, the agriculture ministry said.
The United States has revoked visas for more than 1,000 Chinese nationals under a May 29 presidential proclamation to suspend entry from China of students and researchers deemed security risks, a State Department spokeswoman said on Wednesday.
The United States on Tuesday accused China of fearing a free media as it denounced Beijing's new restrictions on the international press. China's foreign ministry “has informed us that they plan to further limit access for foreign journalists working in the PRC,” State Department spokeswoman Morgan Ortagus said.
The tiny Pacific nation of Palau has urged the United States military to build bases on its territory - which lies in a region where Washington is pushing back against growing Chinese influence.
The signing of a Memorandum of Understanding between China and Argentina scheduled for this week has been delayed until November, the Argentine foreign ministry announced officially on Tuesday. The delay will enable to add an “article referred to the protection of the environment, natural resources, and bio-security”, added the release.
China on Monday launched an investigation into alleged government subsidies of some Australian wine imports, a widely expected follow-up to an anti-dumping probe that Australian representatives said they would oppose.
Electricity generated from the world’s nuclear reactors increased for the seventh consecutive year in 2019, with electricity output reaching 2657 TWh. This was an increase of 95 TWh on the previous year, and the second-highest ever output, according to Agneta Rising, Director General of World Nuclear Association.
The US Department of Agriculture (USDA) reported this week that Chinese importers purchased more soybeans from the United States and recorded their largest daily buy of US corn in almost a month. The acquisitions took place as both Washington and Beijing reaffirmed their commitment to the Phase 1 of the bilateral trade agreement.