Even more interesting to think.I think the global time report of China's "sharp increase of grain export in April" is a bit sensational than substantial. The figure is 97.4% from March at 312,000 tons. The only thing that would catch attention is 97.4% jump. Remember one ton to 1.974 tone is 97.4% jump.
The question everyone should ask is what was the export of the whole 2021, 2020 etc.? Is the export evenly distributed over the year? Certainly not, they follow the harvest. In Jan and Feb you having nothing to export, in Mars you have some, in April you have a lot, in June you have nothing because that is the time you finished all the production from the land and begin to plant the next harvest. Note, this is only the example of wheat in the north, in the south rice goes another pattern and could have even 3 harvests per year in the extreme south. So just get the idea of it.
We should also ask what was the import in the recent past? It is well known that China significantly increased import in 2021. The country only have limited granaries to hold the food reserves. More than that grains will be rotting in the open if not exported or consumed.
This over excitement resembles the noise of US successfully forced China to comply the sanction of Iran because China's import of Iranian crude dropped for two months. It was proven to be nothing only short time later when China bought a new batch again. What I am trying to say is that not only the western media is jumpy, so are some Chinese "journalists" who only want to attract click which is linked to their payment.
China expanded importing Russia wheat just a month ago. China's yearly consumption does not change because of the war. How do you think China would do with the extra grain regardless being produced in Russia or China? Yes, sell them to a third country.
Is't an coincident? Just too close in time. If true, China is just doing a middle man work. I am not saying China passing through Russian grain and Euro/Dollar payment as a broker, but saying that China consumes Russian grain and export Chinese grain. There is absolutely nothing that the US can do about it.
Further, if this works smoothly, Oil and Gas can be the next. Suddenly China becomes oil exporter to EU?
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