China OKs all imports of Russian wheat amid Ukraine crisis

[TU Curmudgeon]

From United Press International

China OKs all imports of Russian wheat amid Ukraine crisis​

Feb. 24 (UPI) -- China lifted all its wheat-import sanctions on Russia amid the Ukraine crisis, signifying a strengthening between Moscow-Beijing relations as the United States and its allies impose new sanctions on Russia.

China's General Administration of Customs announced the decision Thursday, hours after Russia launched an attack on Ukraine.

The move solidifies an agreement made during Russian President Vladimir Putin's visit to Beijing earlier this month.

One of the largest wheat producers, Russia hasn't exported to China amid concerns about possible contamination and bacteria.

COMMENT:-

​

If the US isn't going to be selling wheat to China, what country are the US farmers going to be selling their wheat to? Is there going to be a market (that has enough money to pay for it) for all of the wheat that America normally exports? Will the US sell wheat to China for the same price that the Russians are willing to sell it for? How much US taxpayers' money will have to be spent on "price stabilization" so that American wheat farmers can afford to sell their wheat at below the cost of production in order to match the price that the Russians are willing to accept for their wheat?​

 

[AliHajiSheik]

Otherwise Mrs Lincoln, what did you think of the play?

 

[Airyaman]

From United Press International

China OKs all imports of Russian wheat amid Ukraine crisis​

Feb. 24 (UPI) -- China lifted all its wheat-import sanctions on Russia amid the Ukraine crisis, signifying a strengthening between Moscow-Beijing relations as the United States and its allies impose new sanctions on Russia.

China's General Administration of Customs announced the decision Thursday, hours after Russia launched an attack on Ukraine.

The move solidifies an agreement made during Russian President Vladimir Putin's visit to Beijing earlier this month.

One of the largest wheat producers, Russia hasn't exported to China amid concerns about possible contamination and bacteria.

COMMENT:-

​

If the US isn't going to be selling wheat to China, what country are the US farmers going to be selling their wheat to? Is there going to be a market (that has enough money to pay for it) for all of the wheat that America normally exports? Will the US sell wheat to China for the same price that the Russians are willing to sell it for? How much US taxpayers' money will have to be spent on "price stabilization" so that American wheat farmers can afford to sell their wheat at below the cost of production in order to match the price that the Russians are willing to accept for their wheat?​

Doesn't look like they buy alot of wheat from the US.

USDA ERS - Cracking Open China’s Wheat Import Quota

China buys more wheat than any other country, but typically imports less than half what is allowed under a quota system established in 2001. A USDA, Economic Research Service study suggests China’s import volume in 2021 may reach that quota for the first time in two decades.

www.ers.usda.gov

 

[Monica33]

As if any student of geo politics imagined any different.

Nobody wants the US sticking its big policeman's nose into the middle of eastern Europe and taking out all the money .

Except the US crime families, starting with Biden, Pelosi , Obama and Clinton .

 

[TU Curmudgeon]

Doesn't look like they buy alot of wheat from the US.

USDA ERS - Cracking Open China’s Wheat Import Quota

China buys more wheat than any other country, but typically imports less than half what is allowed under a quota system established in 2001. A USDA, Economic Research Service study suggests China’s import volume in 2021 may reach that quota for the first time in two decades.

www.ers.usda.gov

"China's wheat imports were 3 to 5 Mt in most years, less than half the quota. Imports surged to nearly 8.4 Mt in 2020, the largest volume since the 1990s.".

If 4,000,000 tons of wheat is not "a lot of wheat" (at $317/t that works out to $1,268,000,000), what is your definition of "a lot of wheat"?

Since the US sale of wheat to China in 2022 had been projected to be in the neighbourhood on 10.2Mt roughly $3,233,400,000) if those sales "vanish" then the US government is going to have to cough up (around) $48.37 per "taxpaying person" for "price stabilization" and to "preserve the family farms which are the backbone of America".

 

[georgephillip]

From United Press International

China OKs all imports of Russian wheat amid Ukraine crisis​

Feb. 24 (UPI) -- China lifted all its wheat-import sanctions on Russia amid the Ukraine crisis, signifying a strengthening between Moscow-Beijing relations as the United States and its allies impose new sanctions on Russia.

China's General Administration of Customs announced the decision Thursday, hours after Russia launched an attack on Ukraine.

The move solidifies an agreement made during Russian President Vladimir Putin's visit to Beijing earlier this month.

One of the largest wheat producers, Russia hasn't exported to China amid concerns about possible contamination and bacteria.

COMMENT:-

​

If the US isn't going to be selling wheat to China, what country are the US farmers going to be selling their wheat to? Is there going to be a market (that has enough money to pay for it) for all of the wheat that America normally exports? Will the US sell wheat to China for the same price that the Russians are willing to sell it for? How much US taxpayers' money will have to be spent on "price stabilization" so that American wheat farmers can afford to sell their wheat at below the cost of production in order to match the price that the Russians are willing to accept for their wheat?​

By one account I've read recently (which I can't locate at this moment), earlier US sanctions on selling wheat to Russia inspired that country to become one of the globe's top wheat producers. Whether or not that is true, western sanctions against Russia have a long history of failure:

https://thehill.com/opinion/interna...sanctions-dont-harm-putin-they-strengthen-him

"When in 1979 the Soviet Union invaded Afghanistan, President Jimmy Carter responded by imposing a grain embargo.

"The Soviet Union depended on food imports and the U.S. believed that limiting Soviet access to American grain would cause significant harm.

"The decision was controversial, and the CIA warned that the impact of sanctions might be minimal because the Soviets would switch to other suppliers, and that is what happened. In 1981, President Ronald Reagan quietly scrapped the grain sanctions."

 

[Metric Mouse]

From United Press International

China OKs all imports of Russian wheat amid Ukraine crisis​

Feb. 24 (UPI) -- China lifted all its wheat-import sanctions on Russia amid the Ukraine crisis, signifying a strengthening between Moscow-Beijing relations as the United States and its allies impose new sanctions on Russia.

China's General Administration of Customs announced the decision Thursday, hours after Russia launched an attack on Ukraine.

The move solidifies an agreement made during Russian President Vladimir Putin's visit to Beijing earlier this month.

One of the largest wheat producers, Russia hasn't exported to China amid concerns about possible contamination and bacteria.

COMMENT:-

​

If the US isn't going to be selling wheat to China, what country are the US farmers going to be selling their wheat to? Is there going to be a market (that has enough money to pay for it) for all of the wheat that America normally exports? Will the US sell wheat to China for the same price that the Russians are willing to sell it for? How much US taxpayers' money will have to be spent on "price stabilization" so that American wheat farmers can afford to sell their wheat at below the cost of production in order to match the price that the Russians are willing to accept for their wheat?​

Egypt, Nigeria, Indonesia and Turkey. Especially if Russia will be importing to China anything that may have gone to them.

Poor Canada will struggle to find a market though...

 

[TU Curmudgeon]

Egypt, Nigeria, Indonesia and Turkey. Especially if Russia will be importing to China anything that may have gone to them.

Please provide data on how much of the slack that those countries will pick up WITHOUT increased American "food aid".

Poor Canada will struggle to find a market though...

Could happen (although Canadian wheat sales to China are only about 10% of American wheat sales to China and there is no reason why the Chinese would NOT continue to purchase Canadian wheat).

In fact, if complying with the US government dictat that "No one sell anything to China" were to cause serious economic harm to the Canadian economy, the Canadian government would be quite likely to say to the US government "OK, complying with your wishes is causing our country serious economic harm. Either you simply shovel out truckloads of money to offset that harm or you but the wheat that you are telling us not to sell to China. If you don't want to buy our wheat, then we are simply going to sell it to whomever wants to buy it because we have to put the interests of Canadian foremost.".

If the Canadian government said that publicly, what do you think the reaction of the rest of the world would be when the US government replied "Screw you."?

 

[Schism]

Russia is the largest wheat producer in the world. Russia also leads in gas contracts to the EU. Precious metals and mining are huge. They're also #1 in coal exports.

Couple that with the capabilities, manufacturing, and production of their #1 ally and partner, China, and you can easily see what the west is facing.

 

[Court Jester]

We are still buying oil from Russia, so why should anyone be upset at China for buying Russian wheat.

Putin is certainly a bully, and we here in the West are a bunch of hypocrites.