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China To Continue As Biggest Buyer Of Soy Beans

Posted: Friday, February 17th, 2012 at 6:27 am
Author: KNIA/KRLS News-Evan Little

China’s Vice President Xi Jinping visited Iowa as part of his tour of the United States. Justin Huebner with the Two Rivers Coop tells KNIA/KRLS News that the visit is a positive event, even if it is mostly PR related. Justin says that the relationship that Chinese buyers and Iowa growers have has been a solid one for quite awhile, and he doesn’t see that changing any time soon. He says that China is far and away the largest buyer of Iowa’s soy beans, and that demand in China for the crop is astronomically high, and only growing. Additionally much of China’s agricultural area in a drought, and so he expects that demand this year will continue to grow.