Shipping carriers rejected tons of U.S. agricultural exports, opting to send empty containers to China

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Shipping carriers rejected tons of U.S. agricultural exports, opting to send empty containers to China

Posted By: MrFusion
Date: Tuesday, 26-Jan-2021 15:27:51
www.rumormill.news/164604

Very confusing. I thought China was desperate to get food due to crop failures. They shouldn't be happy about this.
~~~~~~~~~~~~~
Shipping carriers rejected tons of U.S. agricultural exports, opting to send empty containers to China
JAN 26 2021 - Lori Ann LaRocco
KEY POINTS
- Shipping carriers rejected U.S. agricultural export containers worth hundreds of millions of dollars during October and November, instead sending empty containers back to China to be filled with more profitable Chinese exports.
- The refusals come during the peak season for agriculture exports.
- While U.S. agricultural exports run continuously for 12 months, the months of November through March are critical.
- The Federal Maritime Commission launched an investigation into the matter and is reviewing the trade data to see whether the carriers refusing U.S. export cargo was a violation of the Shipping Act.
~~~~~~~~~~~~~~
Full article:
https://www.cnbc.com/2021/01/26/shipping-carriers-rejected-us-agricultural-exports-sent-empty-containers-to-china.html