Import Tariffs on China to Increase Further
22-Oct-2025 08:21 AM
Import Tariffs on China to Increase Further
★ The U.S. President announced yesterday that starting November 1, import tariffs on Chinese products could be raised to 155%. This move is expected to heighten tensions between the two countries and impact the agricultural sector.
★ Algeria has issued purchase tenders for 50,000 tonnes of soft wheat for Wednesday.
★ Asian agency IKAR has estimated Russia’s wheat production at 88.0 million tonnes — 0.5 million tonnes higher than the previous estimate.
★ Winter wheat planting in Ukraine has reached 74%.
★ According to the European Commission, European Union countries exported 5.87 million tonnes of wheat between July 1 and October 19 — 15.8% lower than the same period last year.