China's suspension of export of feed wheat

Introduction: before the 10th National People's Congress, China has stopped selling feed wheat Due to India's suspension of feed wheat exports and problems with wheat shipments in the Black Sea, many Asian buyers are currently short of feed wheat supplies, but even so, COFCO, the sole wheat export agency authorized by the Chinese government, has not made a new offer Some traders said that China is a member of the WTO and seems to be considering abolishing subsidies, especially for the first time last year when China successfully exported flour wheat overseas without subsidies Due to the severe drought in the United States, Canada and Australia, the price of wheat in the international market has increased Last year, China exported about 100000 tons of non subsidized edible wheat for the first time China hopes to export more flour grade wheat, and may have already exported some new wheat to Vietnam Although China's wheat is not very competitive due to the fall of Chicago's wheat price, the price of the best grade of flour wheat is still US $160 per ton (FOB price), and the price of low-quality B-grade wheat is about US $145 per ton, while the exchange price of feed wheat was about us $101-102 per ton more than a month ago BNI by the end of March, shortly after the National People's Congress, China will clarify its dual policies on the export of feed wheat and edible wheat Another trader said that the world wheat price is at a high level, India has no wheat sales, China may have the opportunity to export feed wheat to reduce inventory BNI