TelestackTOC EventsPort of South LouisianaCleveland Cascades LtdCoaltrans Asia 2021TMS Awards 2021
  • Bühler GmbH
  • Telestack
  • TBA Group
  • Vigan
  • Cleveland Cascades Ltd
  • Port of South Louisiana

USW Statement on Chinese wheat purchase

USW Statement on Chinese wheat purchase

(Posted on 27/05/20)

U.S. Wheat Associates (USW) President Vince Peterson issued the following statement about news of Chinese wheat import purchases.

“The USDA report today that Chinese buyers have purchased 340,000 metric tons, or about 12.5 million bushels, of U.S. hard red winter (HRW) wheat for delivery in the 2020/21 marketing year is very good news for U.S. wheat farmers. This is a significant purchase volume and the largest since China implemented retaliatory tariffs on U.S. wheat in March 2018.

“This purchase falls under China’s 9.64 million metric ton tariff rate quota (TRQ). China has agreed to work toward filling its TRQ for wheat imports. As USW has noted, if the changes are in fact implemented, and Chinese millers can respond to market signals, most of the TRQ should be used. U.S. wheat farmers are in a good position to help fill the TRQ given current export prices, relatively low freight rates and the ready supply of the wheat classes China needs.

“USW appreciates the efforts of both the U.S. and Chinese governments to reach the Phase One trade agreement that has helped re-open the door to U.S. wheat imports by China. We believe that China’s flour millers and growing baking industry want the opportunity to purchase high-quality U.S. wheat classes again and we hope this is only the beginning of a new, more productive trade relationship.”

U.S. Wheat Associates’ (USW) mission is to develop, maintain, and expand international markets to enhance wheat’s profitability for U.S. wheat producers and its value for their customers in more than 100 countries. Its activities are made possible through producer checkoff dollars managed by 17 state wheat commissions and cost-share funding provided by USDA’s Foreign Agricultural Service.

Latest News

Rio Tinto teams with Caterpillar for zero-emissions autonomous trucks

(Posted on 16/09/21)

Rio Tinto and Caterpillar have signed a Memorandum of Understanding (MoU) for Caterpillar’s development... Read more


German government commits to fund ArcelorMittal Hydrogen DRI plant

(Posted on 13/09/21)

During a visit to ArcelorMittal Germany’s steel plant in Hamburg, Federal Environment Minister... Read more


Fossil-free steel pioneered in cargo handling industry

(Posted on 07/09/21)

Cargotec and SSAB have agreed to work on the introduction of fossil-free steel to the cargo handling... Read more


Australian mining well placed to support Japan’s decarbonisation efforts

(Posted on 02/09/21)

Australian mining’s long-term partnership with Japan on commodity trade to support economic growth... Read more


ADM announces industry’s first carbon neutral milling operations

(Posted on 31/08/21)

ADM has announced that the company has achieved net carbon neutral status for its U.S. flour milling... Read more


Australian grain growers welcome Ag Visa despite tight timing

(Posted on 27/08/21)

GrainGrowers has welcomed the announcement by Australia’s Federal Government to deliver a dedicated... Read more


Marathon to invest in ADM’s soybean facility

(Posted on 23/08/21)

Marathon Petroleum Corp and ADM have announced an agreement to form a joint venture for the production... Read more


Hill Dickinson consolidates commodities expertise

(Posted on 20/08/21)

Maritime law specialist Hill Dickinson has boosted its commodities expertise in Asia and the Far East... Read more


NGFA commends US Senate for infrastructure deal

(Posted on 12/08/21)

The USA’a National Grain and Feed Association (NGFA) has commended Senate lawmakers for passing... Read more


BHP revs into Komatsu's GHG Alliance

(Posted on 09/08/21)

To accelerate its push to become a net-zero operator by 2050, BHP will become a founding member of Komatsu... Read more


Bühler GmbHThe Wolfson Centre for Bulk Solids Handling Technology Van AalstViganTBA GroupPort of Stockton
  • Coaltrans Asia 2021
  • Sailors Society
  • TMS Awards 2021

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping