China's Baking Industry is Good for US Wheat Producers
“China is increasingly in the top 10 of markets to which we export wheat. Part of it is the resolution of the trade wars from a few years ago, China's decided to actually meet its tariff rate quota of imported wheat, which is over 9 million metric tons of wheat a year a huge amount of wheat, obviously, and their consumers have a very large amount of wheat. But for the last couple of years, three years they've actually met that quota, which is great news for the world's wheat producers in the US as well.”
“Mercer says that China has been a good market for US wheat even prior to COVID restrictions.
"Since the trade wars ended, we have been China has been right about fifth in line in terms of the largest markets. So the opportunity is there with the baking industry and knowing industry. And we're obviously happy to be back working face-to-face with those potential customers.”
Steve Mercer, Vice President of Communications with us wheat associates.