(5) comments Back to story

Gary Scoggin

So much winning.

Carlos Ponce

So the overall cargo tonnage is down -15.39% for the Port of Galveston....
"Although, largely due to significant declines in grain exports and bulk fertilizer imports, the Port of Galveston saw an overall drop in cargo volume in 2017, bright spots continue to be wind energy components and vehicles. "
https://www.ajot.com/premium/ajot-texas-gulf-ports-preparing-to-handle-still-greater-volumes-of-diverse-cargo
That article from the American Journal of Transportation was from Mar 26, 2018. Nothing new here. Were tariffs the reason for decline in fertilizer and grain exports in 2017 also? That was Trump's first year and although there was talk of tariffs no significant action was taken.
And earlier?
"Total cargo tonnage decreased 6.7% in 2013 when compared to 2012 driven by a continued decline in grain shipments.
This decline in grain shipments began to reverse itself in 2014. Other cargos are expected to increase or remain stable in 2014. Tonnage from wind project cargo and other oversized cargo are anticipated to increase in 2014 after a disappointing year in 2013."
http://www.portofgalveston.com/DocumentCenter/View/761/Port-of-Galveston-CAFR-2013-FINAL?bidId=
Cargo tonnage through the Port of Galveston is like Texas weather - drought one year, flooding the next. Comparing two years as a trend is a bit premature.

Jim Forsythe

Exporting of American agricultural products to China or any other place, does not depend on that year crops. Framers no longer sell the same day that they harvest crops. Farmers place crops on In storage, and they may have several past crops waiting to be sold. With the decrease in the amount of contracted grain to China, it decreases the amount going thru the ports. We have high inventories in storage, which will increase more, unless we find some other place other than China, to sell our crop that are in less demand.
Comparing two years as a trend is not premature. Unless we have years of total crop failure, we have grain in storage.
We may have lost the grain market in China , forever!
Besides China,we are at odds with Mexico, Japan and India.

"The US agriculture sector is now bearing significant losses due to its government aggressive policy, as it's losing the most important trading partner for agricultural products,"
In the first quarter of 2019, exports of American agricultural products to China slumped 60 percent, and American soybean exports to China plunged 80 percent, both on a year-on-year basis, the report said.China has come up with countermeasures against the US, which covered almost all US agricultural exports to China.

"Now, American farmers have to deal with high inventories and shrinking revenues. If the situation gets worse, US agriculture will be hit very badly,"
US farmers are getting frustrated and even feeling helpless, as China has reportedly put new purchases of US soybeans on hold while US President Donald Trump is playing hard to get in negotiations with China, by threatening more tariffs on Chinese goods.
China, as the largest soybean buyer, has not placed any further orders to buy US soybeans.
As tensions peaked, soybean futures in Chicago slumped to a 10-year lower earlier in May and US farm incomes dropped 16 percent last year, due to the trade war with China and losses from spring flooding.
The soybean planting area in Northeast China's Heilongjiang Province, the main producer of the crop in China, is expected to reach 580 million mu (38.6 million hectares) in 2019, a year-on-year increase of 5 million mu, said Wang Jinhui, director of the Agricultural and Rural Affairs Department of Heilongjiang Province, the Economic Daily reported in April.

"The remarks show that China has the confidence and ability to cope with the possibility that the two countries' agricultural ties might deteriorate further amid an escalating trade war," Jiao Shanwei, editor-in-chief of cngrain.com, a website specializing in grain news ,said.
Jiao said that in recent years, China has found more import sources to reduce agricultural reliance on the US. For instance, China imported more corn from Ukraine and more wheat from countries like Kazakhstan and Australia.

"The fact is, China is not relying as much on the US in the agriculture sector as people think," Jiao said.

"The US initiated a tariff war against China that will only hurt consumers, farmers and enterprises on both sides, and it will lead nowhere," Jiao said, adding that only cooperation will bring benefits for all, and the rule also applies to China and US

Miceal O'Laochdha

How does this report from the POG match the rosy report printed in the newspaper in April that advised us of the major increases in ships and cargos for the first quarter of 2019, as compared to the same period of 2018? If memory serves, they reported that windmill ships were up 2,200%, March over March; grain was up 7.9% March over March and Ro-Ro was up 27% March over March. Is it just me or have we just followed one port report of tremendous increases in cargo in 2019 with the next report that we have substantial cargo decreases in 2019? Which is it?

Carlos Ponce

Is this what you are referencing? The Daily News April 24, 2019
"Earlier this week, the port reported that 21,355 tons of general cargo had moved through Galveston in the first quarter of 2019, largely because of the arrival of wind-energy equipment. It was a huge increase over 928 tons of cargo that moved though the port during the same period in 2018."
https://www.galvnews.com/news/article_d43ef420-35f3-5c74-bd3d-762dfa4c4029.html

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