Snapshot: US Wheat Export

Wheat Export Import
US exports more wheat than any other country in the world, with an average of 24% global market share. In the fiscal year 2006, America produced 57 million metric tons of wheat, out of which total US consumption was about 31 MMT and 27.5 MMT was exported. In the year 2007, the global wheat production dropped about 5 percent to 593 million metric tons (MMT), and consumption continuous to exceeded production since last seven years. The wheat trade dropped by 7 percent to 107 million metric tons (MMT) (3,946 million bushels). Canada has recently increased its share to 18 percent and Australian share has dropped to 8 percent.

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Snapshot: China’s Economic Growth

China Economy
The standard of living of Chinese in the years ahead will depend to a very large degree on the economic growth that they are able to maintain.

China is the world’s most populous country. China’s GDP is estimated to have grown at 9.9 percent in 2005. Inflows of foreign direct investment (FDI) into China totaled $86.1 billion in 2005.

China delinked its currency from the U.S. dollar in July 2005, resulting in an initial devaluation of 2.1 percent. Since the devaluation, the Chinese currency has appreciated about 1.4 percent against the U.S. dollar as of mid-July 2006.

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