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China now a major customer of Australian wheat
23 Nov 2004
The AWB reached an agreement with buyers in China to take 11.5 million tonnes of wheat worth more than $300 million. The contracts are with the China National Cereals, Oils and Foodstuffs Corporation, the sole import agent for wheat in China. They will be met through old and new season wheat. The contract is a five-fold increase on the volume of wheat sold to China at the prior peak in the mid 1990s. Since then, Australia's five-year average for wheat exports to China has been only about 100,000 tonnes a year, as China was able to supply its own domestic needs.
The Age, 23/11/04
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