China's Dairy Industry Getting a Boost from U.S. Hay Imports
As China continues to reach out for potential feed supplies to meet the needs of its growing dairy market, the practicality of importing hay feed from the U.S. continues to improve, according to two California-based exporters. China Daily reports that U.S. farmers and exporters of alfalfa hay in particular are starting to reap the benefits.
California produced 6 million tons of alfalfa hay last year, and sales of alfalfa shipped abroad in 2013 totaled $586 million, according to the Los Angeles Times.
China is now Asia's biggest buyer of U.S. alfalfa, as well as the biggest global destination for U.S. food and agricultural products.
China, which accounts for nearly 20 percent of all U.S. farm exports - a total that reached $144 billion in 2013, is already a large buyer of corn, cotton, soybeans and wheat from the U.S.
Agricultural exports from the U.S. to China reached $26.7 billion in 2013.
Michael Boddington from Asian Agribusiness Consulting (AAC) has been involved in agribusiness in Asia since 2000. AAC has office both in Vietnam Ho Chi Minh City and China Beijing. So AAC has a thorough understanding of the Viet Nam and China aqua industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it.
Source: http://www.usagnet.com/story-national.php?Id=1353&yr=2014