27 days ago • Posted by Martin Boujol
China always wants more grain, prices soar
Rising imports from China have made market prices soar. The price of grain has reached a 9-year high, reaching $7.32 per bushel and stayed above $6 this week. This price level has not been witnessed since 2013. Imports from China were up 250% for corn and of almost 100% for wheat. The demand for meat has also risen, with the population's wealth on a steady rise.
Source: USDA, Statista