
The WTO found China improperly managed its tariff rate quota on wheat, corn and rice. The US asked for authority to retaliate on July 26, but China blocked the request and triggered an arbitration panel.
China's wheat TRQ is 9.64 million tonnes at a 1% duty, with a 65% duty above that, and China imported about 10.5 million tonnes in 2020-21 with 10 million forecast for this year.
Continued uncertainty over TRQ allocation affects how much wheat and corn China buys at low duty. Potential US retaliation tariffs could also redirect trade flows in grains.
在过去 206 次中性的贸易事件之后,小麦(SRW) 在 5 个交易日内中位数变动 +0.1%(53% 上涨;中间一半区间为 -1.3% 至 +1.6%),20 个交易日内为 +0.5%。
在过去 480 次中性的贸易事件之后,玉米 在 5 个交易日内中位数变动 +0.2%(54% 上涨;中间一半区间为 -1.1% 至 +1.6%),20 个交易日内为 +0.7%。
在过去 70 次中性的贸易事件之后,稻谷 在 5 个交易日内中位数变动 +0.2%(51% 上涨;中间一半区间为 -1.3% 至 +1.9%),20 个交易日内为 +1.3%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件;仅描述已发生的情况,不代表未来走势。不构成投资建议。