Chinese official reports winter wheat harvest ‘worst in history’
China’s agriculture minister reported over the weekend that the recent winter wheat harvest could be the “worst in history,” providing further justification to buy from Russia.
Minister of Agriculture and Rural Affairs Tang Renjian said rare heavy rainfall last year delayed the planting of about one-third the normal wheat supply, leading to a roughly 20% shortage in crop yield.
The war between Russia and Ukraine, which together produce roughly 29% of global wheat exports, had already pushed wheat prices to an incredible 14-year high.
The shortage could create food security issues for China, driving it to buy wheat from Russia. The two countries worked out a deal on Feb. 24 that allowed China to import wheat from all regions of Russia, which could provide Russia with greater funds for its war and further relief from devastating sanctions on its economy.
The Associated Press contributed to this report.
Posted by Peter Aitken
https://www.foxnews.com/live-news/russia-ukraine-war-3-6-2022