© Reuters/China DailyA farmer piles wheat up after a harvest in Zouping county, Shandong province, June 20, 2013
China's wheat crop has suffered more severely than previously thought from frost in the growing period and rain during the harvest, and import demand to compensate for the damage could see the country eclipse Egypt as the world's top buyer.Interviews with farmers and new estimates from analysts have revealed weather damage in China's northern grain belt could have made as much as 20 million tonnes of the wheat crop, or 16 percent, unfit for human consumption. That would be double the volume previously reported as damaged.
Higher imports, which have already been revised upwards on initial damage reports, will further shrink global supplies and support prices, fuelling new worries over global food security.
The U.S. Department of Agriculture on Thursday raised its forecast for China's imports in 2013/14 to 8.5 million tonnes from 3.2 million tonnes in the previous year, prompting U.S. wheat prices to rally to more than two-week highs.
Comment: Watch here as a local attempts to measure the depth of the sinkhole... and runs out of line!