China's move on US soyabeans is a relief for dry bulk market
Concrete agreements by Chinese state-owned companies to buy US soyabeans once again will be a relief to the dry bulk market, analysts say. But the reduction in overall volumes between the two countries this year has been drastic as a result of the trade wars
Total purchases by China from the US are expected at 1.5m tonnes for now, and volumes could rise to about 3m tonnes, sources tell Reuters news agency
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