Feb 28, 2022

China Lifts All Russian Wheat Import Restrictions

Agreement reflects deepening ties between Beijing and Moscow

China has announced it is fully open to Russian wheat imports, in the latest sign of their strengthening bilateral ties as the Ukraine crisis is unfolding before a global audience and in the wake of fresh sanctions being imposed on Moscow, reportsChina Macro Economy.

The announcement by China’s General Administration of Customs was made public on Thursday, hours after Russian troops launched a wide-ranging attack on Ukraine.The agreement, however, was part of a package of deals made during Russian President Vladimir Putin’s visit to Beijing early this month.

China had previously restricted imports of Russian grain due to phytosanitary concerns – measures for the control of plant diseases, especially in agricultural crops – and China’s latest customs statement also said Russia would take all measures to mitigate infestation risks.

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Marketwatch: Mar, 01

US Corn Price Idx:ZCPAUS.CM

open: 6.6099
high: 6.7658
low: 6.5527
close: 6.7012

US Soybean Price Idx:ZSPAUS.CM

open: 15.7328
high: 16.059
low: 15.627
close: 15.8769

US Hard Red Winter Wheat Price Idx:KEPAUS.CM

open: 9.1178
high: 9.31
low: 8.8982
close: 9.2844

US Soft Red Winter Wheat Price Idx:ZWPAUS.CM

open: 8.5595
high: 8.9387
low: 8.5308
close: 8.9331