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China’s wheat import could decline in 2024 amid shipment cancellations, delays

March 14, 2024 Comments Off

China’s wheat imports could decline in 2024 as shipment cancellations and delays from multiple origins have raised concerns of weakening demand. Trade participants expect China’s 2024 imports to decline from prior estimates of 12 million-15 million mt for this year and potentially drop below 11.88 million mt in 2023. Imports in 2023 were 2.24 million mt above the tariff-rate quota…