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Agriculture

The soaring Chinese wheat purchases may lift global prices of the grain by about 10 per cent in the next few months. (Image source: Nupur Dasgupta/Flickr)

With unseasonal rains in May destroying a substantial part of Chinese wheat crops, the country has rushed into the Australian wheat market, buying close to 1.5mn tonnes of the grain in the last four months

The average wholesale prices of 18 vegetables registered a 4.2 per cent increase. (Image source: AndyRobertsPhotos/Flickr)

The recent hot and rainy weather spells in China have affected the agri-food prices in the country

Iran has revealed plans to import 250,000 tonnes of rice from Thailand which will be delivered in a period of six months beginning from October this year

China may soon become the world’s top wheat importer with the country’s wheat crop suffering more damage than previously thought, with frost in the growing period and rain during the harvest

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