China is increasing the share of Kazakh wheat in the total imports of the grain.
According to APK-Inform, in 2023 calendar year, the volume of wheat imports to China from Kazakhstan totaled 512.3 thsd tonnes, up 42.7 thsd tonnes on the average monthly basis. According to the results of 8 months of 2024, the volume of grain imports reached 450.7 thsd tonnes, which is 36% higher than in 2023.
It is also worth noting that in August 2024, Kazakhstan reached the maximum share in the total wheat imports to China, which amounted to almost 14% of the total supply. On average, Kazakhstan provides about 4% of the total Chinese wheat imports annually.
China's position as the largest importer of grain, peculiarities of trade and price trends in the season-2024/25 will be discussed during KAZAKH GRAIN & LOGISTIC FORUM 2024, which will be held on December 5-6 in Astana.
The speaker on this topic will be Fang Gang, Director of ZHEJIANG GRAIN GROUP Co.
ZHEJIANG GRAIN GROUP is one of the largest state-owned enterprises in Zhejiang Province (East China). The company is engaged in the production and trade of agricultural products (wheat, corn, soybeans, vegetable oils). The total turnover of ZHEJIANG GRAIN GROUP reaches 4 mln tonnes of agricultural products per year. The company has a network of elevators with a total storage capacity of up to 1.5 mln tonnes of grain.
ZHEJIANG GRAIN GROUP also includes a futures trading company that specializes in trading agricultural products, metals, etc.
The company's director Fang Gang has more than 25 years of experience in agricultural trading and will share with the conference participants valuable information on the Chinese grain market, forecasts and vision of the future.
Agenda of KAZAKH GRAIN & LOGISTIC FORUM 2024
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