China is buying more Australian wheat than ever even after diplomatic relations between the two countries frayed in recent years, reports Bloomberg. Australian shipments accounted for 63% of China’s wheat imports in the first 10 months of the year, compared with 28% over the whole of 2021 and just 15% the year before, according to Chinese customs data and Bloomberg calculations.
The booming trade stands out in the wake of deteriorating ties between the countries over issues including a clampdown on foreign investment and as Australia accused China of meddling in its domestic affairs.
They took a nosedive in 2020 after Canberra called for a probe into the origins of Covid-19, infuriating Beijing. China responded with punitive trade penalties targeting Australian commodities from coal to barley, lobsters and wine.