China Buys Rare Argentine Wheat Cargo as Milei Trims Tariffs
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000A farmer in a wheat field near Rosario, Argentina.China is buying its first cargo of Argentine wheat in decades at a time when farmers on the Pampas are harvesting a record crop and President Javier Milei is trimming tariffs on shipments in a bid to boost exports.State-owned Cofco International Ltd. is loading the shipment at its Timbues facility in Argentina’s export hub on the Parana River, which would become the first such cargo since the 1990s. The vessel will then acquire an additional 65,000 metric tons of wheat at an Atlantic port and sail for China.