Chinese buyers cancel or postpone 1 million metric tons of Australian wheat, sources say

Mar14,2024



Singapore: Chinese wheat importers have canceled or postponed imports of about 1 million metric ton Of australian wheat The cargoes, which were scheduled to be shipped in February, March and April, said two trade sources with direct knowledge of the deals.
The US government reported canceling more than 500,000 metric tons of US wheat exports to China last week.
,Chinese buyer They've canceled some deals for Australian wheat, and they're also extending shipping times from first quarter to second quarter, third quarter,'' said a trader at a Singapore-based international trading company that sells Australian wheat to Asia. .
A second trader in Singapore said trading companies had freed up shipping slots at several Australian ports that had been booked for cargo destined for China. Due to the sensitivity of the matter both the businessmen refused to disclose their names.



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