NEWSMAX: China, the world’s largest grower of wheat, is making its largest purchase of the grain from the United States in nearly two decades after severe flooding earlier this year cut into its reserves…
In addition to the flooding this spring — the worst in some areas since 1954 — increased demand for high-quality wheat have dented grain stocks in China…
Factors influencing the growing Chinese desire for U.S. wheat include affordable prices, the consumer preferences of a rising middle class, and a growing urban population resulting from a demographic shift from the countryside, which has also led to a demand for higher-quality food products, including more protein and animal feed… (more)
