>

Canadian wheat exports to China soar amid U.S.-China tariff dispute

Canada’s wheat exports to China jumped nearly 200 per cent from January to November 2018 as the Asian country stopped buying from American farmers amid a tariff dispute. Statistics Canada data shows total Canadian wheat exports grew nearly 13 per cent during that time from about 15 million tons to roughly 17 million tons. Wheat exports to China grew from about 436,000 tons between January and November 2017 to nearly 1.3 million tons in the same months of 2018. Data for December is not yet available. The U.S. Wheat Associates says on its website American farmers have been shut out of the Chinese market since March 2018 after China announced it would impose a retaliatory 25 per cent import tariff on American wheat.
The group put out a statement in July saying the ongoing trade conflict is already hurting farmers, adding that over the past three years Chinese customers purchased an average 20 million bushels of wheat from March to June compared to no new purchases since March 2018.

We also suggest you to read our previous article titled "Brazil to privatize more airports, railways for grains".

Check Also

TABADER’s Doyens Night becomes international

TABADER’s Second Doyen Gathering attracted huge interest. Many prominent names have been awarded at the …