China intends to buy around US$900 million of soybeans, corn, vegetable oil from Argentina
Read full post at forexlive.com
Bloomberg (gated) report on China buying nearly US$1bn in agricultural product from Argentina instead of the US:
- China agreement with exporters in Argentina
- non-binding letter of intent signed
- Bloomberg cite two people familiar with the matter
China is already Argentina’s biggest buyer of unprocessed soybeans.
Some Friday muzak:
This article was written by Eamonn Sheridan at www.forexlive.com.
Leave a Reply