China says US Soybeans have quality issues and are putting their consumers at risk, according to the WSJ:
Supplies from the U.S. are often found to be contaminated with harmful weeds and soybean disease, while some don’t match Chinese quality standards, said the General Administration of Quality Supervision, Inspection and Quarantine in a statement published on its Web site. The Administration also said a U.S. soybean shipment in February was contaminated with pesticide, which exposed domestic consumers to risk. China will continue to strengthen its supervision and inspection of soybean imports, according to the statement.
According to the WSJ, analysts are saying that the complaint is just a retaliatory political statement because they’re still miffed at all the bad press they’re getting. China is the world’s largest importer of soybeans, and are apparently quite touchy about the whole recalled product issue. Hey, it’s nothing personal, China.
China Complains About Quality Of Soybean Imports from U.S. [Wall Street Journal]