Thread: 13 countries that pay higher mfg. salaries than the US
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dpb dpb is offline
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Default 13 countries that pay higher mfg. salaries than the US
On 12/31/2011 7:13 AM, wrote:
....

I still do not see how the market in wheat would be affected by the
examples you give.

China does not produce wheat to any big extent. So China would not be
using trade protection for it's product, because wheat is not one of
its products. China does not sell wheat at less than it costs to
produce it, because it does not produce it.
....

Au contraire, good buddy...

Don't forget China is a big place...

2009 world wheat production
Area,ha tonnes
China 24,210,075 114,950,296
India 28,400,000 80,680,000
Russia 26,632,900 61,739,750
USA 20,181,081 60,314,290
France 5,146,600 38,324,700
Australia 13,507,000 21,656,000

But, like the rest of the Chinese economy, ag production is
state-manipulated w/ subsidies that are based on production levels so
statistics aren't necessarily all that reliable given the also
closed press system.

W/ all that, China imported more wheat in 2010 than ever before which is
puzzling everybody...

However, USDA staff have issued a series of warnings over the
reliability of official Chinese crop data, saying that a subsidy
system based on production encourages regional authorities to
exaggerateharvest figures.

Tom Puddy, marketing chief at CBH's GrainPool marketing arm, said:
"It is always a mystery about what [China's] actual stocks are."

So, you can't really say there's not manipulation in ag markets, either,
.... although they do buy on the open market and the size of their import
buying does affect the grain markets and the projection of yields during
growing season affects the futures markets as does that of the other
major producing areas.

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