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Weather damaged wheat in China will drive prices up

Sally Bryant, Monday July 22, 2013 - 13:16 EST
ABC image
Wheat field with tractor ahead of the predicted bumper crop in North West NSW. - ABC

Frost and weather damage in China may result in 20 million tonnes of Chinese wheat being declared unfit for human consumption, according to a grains trader from the NSW central west.

General Manager of AgFarm in Dubbo, Steve Foran says the full situation is still emerging but 20 million tonnes would represent approximately 16% of Chinese domestic wheat production and the shortfall will need to be made up through imports.

Mr Foran says the situation is still unfolding, and it is often difficult to get reliable information out of the Chinese market.


- ABC

© ABC 2013

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