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CHINA SAYS IT WILL START LIVING UP TO ITS PROMISES OF IMPORTING CORN, WHEAT, RICE
Agri-Pulse reports:

China will start living up to promises to import more corn, wheat and rice while scaling back its domestic subsidies, Chinese officials pledged Tuesday at the World Trade Organization in Geneva.

China isn't fighting two cases it lost to the United States, and the U.S. has agreed to a Chinese request for time to come into compliance.

An Iowa State University study concluded U.S. wheat exporters lost roughly $700 million because of China's domestic support programs that kept the price of Chinese wheat as high as $10 per bushel. Those high prices pushed Chinese farmers to over-produce, robbing U.S. farmers of sales.


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