State-owned buyers such as Sinograin and COFCO have purchased over 12 million tons of US soybeans
According to Reuters, as the list of reciprocal tariff reductions between China and the US is announced, state-owned buyers such as Sinograin and COFCO have already purchased over 12 million tons of US soybeans, while private crushing enterprises are struggling to bear the tax burden due to an additional 10% tariff.