摘要: |
China is losing population and its birth rate is falling. This might seem like a faraway development, but the U.S. barge industry should take note. This is because the Red Tiger is a very big, hungry consumer of U.S. grains, most notably soybeans. In fact, U.S. agricultural exports of soybeans to China hit a record high in 2022, making China the largest export market for the second year in a row, according to the U.S. Department of Agriculture. Despite supply chain problems and pandemic-induced global closures, China is the world's largest soybean importer, the USDA noted, accounting for nearly 60% of global soybean trade and half of U.S. soybean export value. China is forecast to be the biggest U.S. agricultural export market for the third consecutive year during the 2023 fiscal year. Moving all these grains to market is primarily the job of covered river barges. They pick up cargoes from river locations along the Mississippi and take them to the Port of New Orleans and the Port of South Louisiana to be loaded on ships heading East. |