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Chinese buyers have repeatedly canceled U.S. wheat orders, reaching a total of 50.4 million tons.U.S. wheat exports have fallen to the lowest level in half a century, replacing Brazil with the U.S. as the world’s largest corn exporter.

The South Korean government and major enterprises are taking action to reduce China’s dependence on key mineral resources such as lithium hydroxide and titanium, in response to changes in the global trade environment.

Two months before 2024, China surpassed other countries to become the largest importer of Russian oats, promoting agricultural cooperation between the two countries, and Russia plans to strengthen food trade within the framework of the BRICS countries.

Brazil's cotton output is expected to increase by 23.7% in 2023-24 to 1.4 million packs, hoping to surpass the United States to become the world's third largest cotton producer, promoting the development of the textile industry.

India and the four EFTA countries have signed a $100 billion free trade agreement that opens markets and pledges massive investments over the next 15 years, which is expected to stimulate exports and job growth.

Turkey has updated its import and export tariff policy, implemented a zero-tax rate on green flaxseed, imposed an anti-dumping duty on products such as synthetic fibers in China, and imposed a safeguard tax on imported toothbrushes.