China's summer wheat output fell 0.9% this year, official data showed on Saturday, the first decline in seven years after heavy rain hit key growing areas just ahead of the harvest.
Output in the world's top grower of the grain fell to 134.53 million metric tons, the National Bureau of Statistics said, although it added that this year still brought a bumper harvest.The output drop is expected to have at most a minor impact on China's plentiful state stocks, said Huang Tian, an analyst at SDIC Essence Futures.
The global wheat market is closely watching dry weather in key exporters Canada and the United States, and the looming expiry of Ukraine's wartime shipping deal on Monday.in the country's top growing province of Henan and surrounding areas just before the harvest. In Henan, which produces about one-third of the country's wheat, the rain caused wheat to germinate in some areas, and the yield "dropped significantly", it added.
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