date:Aug 02, 2013
s are paltry in terms of global trade of 148 million tonnes, any additional demand for milling wheat will further strain global supplies.
China has been on a wheat buying spree after as much as 16 percent of its production was damaged by rains ahead of harvest. It is likely to surpass Egypt as the world's top wheat importer.
Global wheat prices rose 2.4 percent in July on the Chicago Board of Trade even as corn and soybeans suffered deep losses on expectations of higher production.
Global whe