A Wheat Warning from China | CHINA US Focus

CHINA US Focus - Exclusive Analysis of the Politics, Economics, Military and Culture of China-US Relations.

FOLLOW US

A Wheat Warning from China

Andrew Peaple
February 27, 2011
Share on FacebookFACEBOOK
Share on TwitterTWITTER
WEIBO
GOOGLE+

Global food prices hardly need another reason to rise. But talk that China may have to increase wheat imports again this year due to poor harvests has added to market jitters, with wheat prices this month around 2½-year highs. Like so many other commodity markets, those for grains may have to get used to a hungry dragon.

Some perspective is needed. China's wheat imports rose to 1.4 million tons in the year ending June 2010, according to the International Grain Council, up 260% from a year earlier. Corn imports could jump fourfold this year, it forecasts. Dramatic that may seem, but China still only accounts for 1% to 2% of total world imports of both commodities. By contrast, its imports account for 60% of global trade in soy beans.

Read Full Article HERE

 

 

Related Articles

The BRICS Bank: Now Comes the Hard Part

07/28/2014 Vikram Nehru, senior associate, Carnegie Asia Program

China Maintains Neutrality While Deepening Ties to Israel

07/28/2014 Dr. Michal Meidan, Director at China Matters

The Benefits of the Asian Infrastructure Investment Bank

07/28/2014 Wu Zhenglong, research fellow, China Foundation for International Studies

Full-Year GDP Target Within Reach

07/25/2014 Qi Jingmei, a researcher with the State Information Center

A High Standard Bilateral Investment Treaty

07/24/2014 He Weiwen, co-director, China-US/EU Study Center, CAIT

Special Coverage

Sponsored Reports

This week in China-US Focus

Sign-up for e-mail newsletters and alerts and get the news you need delivered directly to your inbox.

Related Articles


Real Time Web Analytics