China Buys Argentine Wheat, Boosting South American Trade

Chinas first Argentine wheat purchase in decades signals a shift in global agricultural trade. With a record-breaking harvest and reduced tariffs, Argentinas wheat becomes more competitive internationally. This move comes as China seeks to diversify its food supplies amid trade disagreements with the US. However, lower protein content in the wheat may impact its market value and government revenue from export tariffs.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.