ST Alpha - "if China will have to import, why wouldn't Egypt just cut out the Chinese middleman and import directly from China's source? -- nm" (Reading a Post)

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In response to "what drought in china means for politics in egypt..." by x

if China will have to import, why wouldn't Egypt just cut out the Chinese middleman and import directly from China's source? -- nm

Posted by Hotkiss (aka hotkiss7348) Feb 11 '11, 04:56

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they'll have to. but if china--who account for ~1/6 of global production in wheat--end up a net importer, it's going to get.... - x Feb 11, 05:14 4
- and china has much, much deeper pockets than Egypt does (or just about anybody else for that matter) -- nm - decline Feb 11, 06:01 3
  - yep. tho i do imagine they'll try to mitigate their costs some by releasing stockpile wheat and corn.... - x Feb 11, 06:05 2
    - I know the price of bread we normally buy has gone up around $0.60 or so in the last couple of months (over $3 freakin' bucks a loaf) -- nm - Beaker Feb 11, 06:10 1
      - yep, and with feed stuff like corn doubling in price over the last six months expect that to work its way into... - x Feb 11, 06:16

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