February 24, 2004
China To Buy 900,000 MT US Wheat
A Chinese trade delegation visiting the U.S. last week finalized 900,000 metric tons in U.S. wheat sales during the trip, said officials from the U.S. Wheat Associates. The breakdown of those purchases was not yet available.
The group also said China is looking to buy 1.7 million metric tons of U.S. wheat from the Pacific Northwest during the 2004 calendar year. This corresponds with a recent TCK fungus agreement, which in the past had restricted wheat shipments to China out of the Pacific Northwest.
The group was lead by Mingchen Zhou, chairman of China's China National Cereals Oils and Foodstuff Import & Export Corp., or Cofco.
Early Monday, the USDA also announced that 175,000 tons of hard red winter wheat and 150,000 tons of white wheat had been sold to China.
On Friday, the U.S. Department of Agriculture announced that 50,000 tons of hard red spring wheat for each of the 2003-04 and 2004-05 marketing years had been sold to China.