USDA raises Chinas 2019-20 wheat import estimate by 25% as trading gathers pace
New Delhi — The US Department of Agriculture has raised Chinas wheat import estimate for the 2019-20 marketing season (July-June) to 4 million mt, up 25% from its previous estimate
The USDA said it was raising China"s wheat import estimate on the back of the faster pace of trade seen to date this season and large purchases made recently. China in recent months has booked large wheat consignments from the US, France and Australia, according to sources. The country earlier bought 2.6 million mt of wheat from the US during both the 2016-17 and 2017-18 marketing seasons, but its purchases of US wheat fell to just 42,000 mt in 2018-19 due to the trade dispute between the two countries. The US had also lodged a complaint with the World Trade Organization in 2016 over China"s use of tariff-rate quotas or TRQs for rice, wheat and corn, arguing they limited market access for US grain exports. The WTO ruled in favor of the US last year.
تاریخ: شنبه ٢٦ بهمن ١٣٩٨ ساعت: ١٣:٥٦
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