News

Why is China continuing to buy wheat and grains around the world? Do the Chinese know something we don't know?

China
Published Jan 20, 2022

Original content

China continues to take advantage of cereals in the international market. A few days ago we reported that, fearing the negative effects of pandemics and changes, the Chinese have already grabbed 69% of the corn, 60% of the rice and 51% of the wheat produced in the world. Confirming that the "Middle Kingdom" (name used to indicate the Celestial Empire in China) is now very active in buying cereals is the report by Sandro Puglisi, protagonist of the Facebook page Friends of 'Durum Wheat of Sicily'. "Chinese corn imports in 2021 nearly tripled in volume from the previous year, hitting a new high, customs data showed Tuesday as buyers turned to cheaper alternatives overseas due to the increase. prices and the crisis in domestic supply. China, the world's largest cereal market, imported 28.35 million tons of corn throughout 2021, up 152% from a record annual 11.3 million in 2020, according to General Administration data. of customs. Wheat imports in the first 12 months of the year also ...
Source: Inuovivespri
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.