China's demand for overseas wheat and corn is rapidly dwindling, creating pressure on global grain markets. The country's sluggish economy and bumper harvests are reducing consumption, with animal feed demand for the new wheat crop potentially shrinking by half. Despite the current oversupply and reduced consumption, drought conditions are threatening China's grain output, which may force the country to re-enter the global market after months of avoiding major purchases. Striking data from Chartbook Top Links highlights these trends.
Drought is threatening China’s grains output, which may force it to re-enter the global market after staying away from major purchases in recent months due to oversupply and sluggish consumption https://t.co/UcrZZ9GYDt
Drought is threatening China’s grains output, which may force it to re-enter the global market after staying away from major purchases in recent months due to oversupply and sluggish consumption https://t.co/l794LnbbuM
China's grain demand has fallen off its peaks disturbing global grain markets. Striking data from Chartbook Top Links. Check it out and sign up: https://t.co/KubrSjEFrA https://t.co/eGHhNUM7Lw
China’s Waning Appetite for Grain Spells Danger for World Market - Bloomberg Sluggish economy and bumper harvests are hampering consumption Animal feed demand for the new wheat crop could shrink by half
#China’s Waning Appetite for Grain Spells Danger for World Market Sluggish economy and bumper harvests are hampering consumption Animal feed demand for the new wheat crop could shrink by half https://t.co/mGXKSyGHQv
China’s appetite for overseas wheat and corn is rapidly dwindling, which is likely to heap pressure on global grain markets https://t.co/C5qQwdDQub