Will China turn to Argentina to fill its farming import gap? Wheat and see
The first wheat shipment from Argentina to China since the 1990s suggests a deeper trade relationship could be on the horizon
Argentinian firms have expressed an interest in boosting their agricultural shipments to China, welcome news for Beijing as it seeks alternative sources for its staple crops amid tension with the United States that appear unlikely to abate.
The first batch of wheat shipments from Argentina – one of the world’s largest exporters of the crop – will soon begin its journey to China, local economic newspaper Ambito Financiero reported on Monday. The paper did not provide an exact date of departure.
This would be the first wheat export from Argentina to China since the 1990s, and follows an authorisation issued in January for shipments of the crop to China. Argentina’s Ministry of Agriculture, Livestock and Fisheries called the approval “an important step for Argentina’s exports” in their press release at the time.
The United States ranks as China’s third-largest wheat supplier, shipping a total of 4.3 million tonnes in the first 10 months of this year and accounting for 10.3 per cent of the country’s total imports.