by David A. Widmar
Recent disappointing economic activity from China has markets and observers around the World nervous. Everyone is wondering how severe the conditions are and what the potential impacts may be. Agriculture has not been insulated as market commentators have recently cited these concerns in response to nervous commodity markets.
This is a significant change in tone from just a few years ago when rapid economic growth in China, fueled by its population of 1.4 billion and rising incomes, helped power the recent boom in agriculture. Concerns are mounting that a slowdown in China’s economy may exacerbate the current downturn in U.S. agriculture.
To better understand how China interacts with the global agricultural market, we took a look at 11 commodities and how China’s production, consumption, and imports of these commodities scale at a global level. Data for this were collected from the USDA’s Foreign Agricultural Service (FAS). Continue reading