Weather damaged wheat in China will drive prices upSally Bryant, Monday July 22, 2013 - 13:16 EST
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 2013
More breaking news
Fresh haystacks are exploding into flames across Victoria and South Australia and experts are warning it could be the start of a disastrous season.
One of Australia's most renowned pipe and drum bands will end an ambitious tour this weekend with a renewed understanding of how rural Queenslanders are dealing with drought.
Arid parts of Western Australia received a drenching overnight as thunderstorms passed overhead, with Meekatharra receiving more rain in ten minutes than they usually see in the whole month of November.