IDAHO WHEAT COMMISSION

News

China Becomes World's Largest Wheat Importer in 2022/23

China wheat imports are forecast up to 12.0 million tons this year—the country’s highest level of imports since 1995/96 when imports reached 12.5 million. Domestic grain prices in China have remained high given the country’s minimum support price policy and reduced auction activity amidst uncertainty surrounding the government’s COVID-19 policies. Chinese wheat prices have lingered around $450/ton over the past year while Chinese corn prices have averaged above $400/ton. Meanwhile, international wheat prices have trended lower over the past few months, falling below $400/ton with ample exportable supplies from Australia, the European Union, and Canada.

World Markets and Trade