China is also very big. They need a lot of food but with energy from nuclear, water is suddenly no constraint.
They are producing a lot of food domestically and even a significant amount for export.
They do understand the concept of a diversified supply chain and with food two hemispheres is better than one.
NZ and the US food producers are at the mercy of a lot of forces and Trump did you no favours when he indicated to the Chinese that domestic production is strategically better.
The strategic part of China's food import sources has been well understood by the US and China for decades. Advisers to President Trump understand this. The only way to encourage China to be a reliable trading partner was to hit them at the belt.
If you don't read the newspaper you are uninformed, if you do read the newspaper you are misinformed. -- Mark Twain
NEW YORK, Nov 13 (Reuters) - Two sugar beet producers declared a surprising force majeure due to freezing U.S. weather conditions, according to market participants and company officials, driving the market higher on Wednesday.
"The reduction is primarily in Minnesota and North Dakota, the first and third largest sugarbeet producing states. The reduction is due to lowered harvested area forecasts, currently at 971,000 acres -- an 11.3% reduction from the October forecast. If realized, this would be the lowest harvested acreage total since 1960-61."