2007-07-22 07:48:53 · 4 answers · asked by Charlie O 1 in Social Science ➔ Economics
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.
2007-07-22 17:12:57 · answer #1 · answered by meg 7 · 0⤊ 0⤋
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.
2007-07-22 09:17:15 · answer #2 · answered by redford 2 · 0⤊ 1⤋
What does that have to do with the price of tea in china?
2007-07-22 07:57:23 · answer #3 · answered by Anonymous · 0⤊ 0⤋
A better question might be about tea in China
2007-07-22 08:09:15 · answer #4 · answered by Anonymous · 0⤊ 0⤋