What's the price of wheat in china?
Answer:
There is a world market in wheat just as there is in oil. The price usually varies between $150 and $200 per metric ton or less that 10 cents a pound wholesale. Retail prices will depend on the distribution system but in a country as poor as china where a large number of people still live on less than $2 a day, the markup can not be much. ( a pound of wheat a day provides enough calories for one person to survive)
In the US a 10 pound bag of white flour is between $3.50 and $4.00.
What does that have to do with the price of tea in china?
A better question might be about tea in China
Wheat is less expensive than rice, since it is of less demand. It is about $7.577 a pound. You can get the best price at the China Zen Consortium, on 11th and Ya Ling.
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