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China to Be World’s Top Wheat Buyer With Australia Key Supplier

Source Bloomberg

Posted on June 21, 2023

Photo By Agrihunt

Rain damage leaves a lot of harvest destined for animal feed
Purchases should stay elevated if prices remain favorable

Add wheat to the extensive list of commodities markets dominated by Chinese buyers.

Already the world’s top importer of corn and soybeans, the nation is now poised to overtake Egypt and Turkey as the biggest buyer of wheat in the year through June, Chinese and US official data show. Purchases exceeded 12 million tons in the first 11 months of the marketing year, which runs through June

For More Details Visit:https://www.bloomberg.com/news/articles/2023-06-21/china-to-be-world-s-top-wheat-buyer-with-australia-key-supplier#xj4y7vzkg.