# Exclusive: China snaps up Australian, French wheat as crop damage spurs buying spree

> China has bought around 2 million tonnes of Australian new-crop wheat and about 2.5 million tonnes of French wheat, according to Reuters trading sources. Nearly 25 million tonnes, roughly 20% of China's crop, was reportedly damaged by rain.

- Date: 2023-10-31 · published 2023-10-31T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/33646-exclusive-china-snaps-up-australian-french-wheat-as-crop-damage-spurs-buying
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Record Chinese import demand tightens Asian supplies and is likely to support global wheat prices from low levels, while competing origins face rising demand.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2025-05-09 | [EXCLUSIVE: China buys Canadian, Australian wheat as heat hits crop, traders say \| Reuters](https://feedsoft.ai/events/24710-exclusive-china-buys-canadian-australian-wheat-as-heat-hits-crop-traders-say.md) | +2.8% | +6.9% |
| KWHEAT | 2020-03-20 | [CBOT wheat futures rise on reports of China buying US wheat](https://feedsoft.ai/events/6106-cbot-wheat-futures-rise-on-reports-of-china-buying-us-wheat.md) | +4.7% | +2.8% |
| KWHEAT | 2019-01-23 | [China may buy up to 7 million tons of U.S. wheat](https://feedsoft.ai/events/60962-china-may-buy-up-to-7-million-tons-of-u-s-wheat.md) | -1.9% | -11.7% |
| KWHEAT | 2022-05-16 | [Exclusive: India's surprise wheat export ban traps 1.8 million tonnes at ports](https://feedsoft.ai/events/41433-exclusive-india-s-surprise-wheat-export-ban-traps-1-8-million-tonnes-at-ports.md) | 0.0% | -7.3% |
| KWHEAT | 2020-03-20 | [Wheat extends rally as China demand assessed \| Financial Post](https://feedsoft.ai/events/7271-wheat-extends-rally-as-china-demand-assessed-financial-post.md) | +4.7% | +2.8% |
| WHEAT | 2025-05-09 | [EXCLUSIVE: China buys Canadian, Australian wheat as heat hits crop, traders say \| Reuters](https://feedsoft.ai/events/24710-exclusive-china-buys-canadian-australian-wheat-as-heat-hits-crop-traders-say.md) | -0.1% | -2.5% |
| WHEAT | 2024-02-10 | [Wheat exports down, China hungry for Australian barley](https://feedsoft.ai/events/31616-wheat-exports-down-china-hungry-for-australian-barley.md) | -4.8% | -1.5% |
| WHEAT | 2020-11-25 | [China's new crop barley buying spurs French prices on 1m mt rumours - Fastmarkets](https://feedsoft.ai/events/50223-china-s-new-crop-barley-buying-spurs-french-prices-on-1m-mt-rumours-fastmarkets.md) | -1.0% | +8.3% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/china-snaps-up-australian-french-wheat-crop-damage-spurs-buying-spree-2023-10-31/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.