China will not increase annual grain import quotas to accommodate higher U.S farm purchases - Caixin

China will not increase its annual import quotas for corn, wheat and rice to accommodate stepped-up purchases of farm goods from the United States, senior agriculture official Han Jun told local media Caixin, it reported on Tuesday.

U.S. President Donald Trump announced last month that China had agreed to double its pre-trade war purchases of U.S. agricultural products over the next two years as part of a Phase 1 trade deal to be signed this month.

Beijing has said it will increase purchases of grains to meet U.S. demands for higher agricultural imports, leading to speculation in the market that it could adjust its quota.