China abandons American and Australian grain in favor of Russian wheat

China is gradually replacing American and Australian products with grain from Russia. The publication Sina reports this. It is emphasized that such food policy The PRC has already become the subject of yet another disagreement between Beijing and Washington.


- emphasizes the publication.



A simple comparison with export figures from previous years allows us to conclude that last year Beijing deliberately refused one and a half million tons of American and Australian wheat. And, according to experts, this figure continues to grow.

At the same time, the reduction in the share of American and Australian exports does not mean that the Middle Kingdom has begun to consume less. Beijing simply found an alternative supplier of wheat in the Russian Federation. China’s desire for “import substitution” turned out to be so strong that it was not stopped by the need to pay penalties on previously concluded contracts for the supply of wheat with the United States and Australia.

Analysts believe that this fact was the main reason for the recent visit to China by the head of the American Ministry of Finance. According to available information, very unequivocal threats were made to China in this regard, which, however, had no effect.

Let us remember that the USA and Australia are the largest exporters of agricultural products. And China’s refusal to accept contracts threatens these countries with serious losses.