China’s imports of Australian wheat have exploded despite their ongoing political tensions, with Australia’s bumper wheat harvest continuing to plug shortages of the grain from other key markets.
Purchases of wheat by China from Australia over the first two months of the year were 479.3 per cent more than the amount acquired over the same period last year, latest data from China’s customs showed, even though its overall imports from Australia have fallen slightly.
China’s strong demand for wheat is a result of increased feed requirements to accommodate the rapid recovery of its domestic pig production, its Ministry of Commerce said.
https://www.scmp.com/economy/china-economy/article/3127004/china-australia-relations-exploding-australian-wheat-exports
No comments:
Post a Comment