A Wheat Warning from China | CHINA US Focus

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


A Wheat Warning from China

Andrew Peaple
February 27, 2011
Share on FacebookFACEBOOK
Share on TwitterTWITTER

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

A High Standard Bilateral Investment Treaty

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

China Should Actively Establish A Currency Swap Pool

07/23/2014 Zhang Monan, researcher, China Int'l Economic Exchanges Center

Two Reasons for Changing the RMB Exchange Rate

07/17/2014 Yi Xianrong, researcher, Chinese Academy of Social Sciences

Is a Mini–stimulus Necessary For Stabilizing the Economy?

07/04/2014 Ding Yifan, Deputy Director, China Development Research Center

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