The Chinese fell in love with bread and supported world wheat prices

Changes to the traditional Chinese diet in favor of more bread consumption boost wheat imports to the country of 1.4 billion people and support global prices, Bloomberg reported. China's wheat imports jumped 17% in 2021 to about 9.8 million tons, according to data from the PRC Customs Administration. Much of the growth is driven by the use of wheat as fodder amid high domestic corn prices and a weak harvest in China, but changing taste preferences of the population also play an important role, the agency writes. "We continue to expect Chinese imports to be ...