NEWS
China Looks to Import More Wheat
Lin Tan DTN China Correspondent
Tue Jul 2, 2013 10:52 AM CDT

BEIJING (DTN) -- Chinese flour mills bought wheat from France in June, a rare purchase that highlights China's concerns about its low-quality harvest amid recent declines in global prices.

After buying 1.5 million metric tons (55 million bushels) of U.S. wheat in May, Chinese importers are reportedly still looking for another 2 million to 3 million metric tons (73 to 110 mb) of wheat, possibly U.S. wheat.

"Recent wheat price decreases in the international market make wheat imports profitable in China. This is why China is looking for more wheat to import," said Wenge Fu, an ag economics professor at ...

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