China reducing reliance on grain imports
November 30, 2015 Category Foreign trade, Weekly
China is moving to reduce reliance on grain imports in the next five year plan period to step up domestic grain security, but the higher prices for local produce may be an obstacle, analysts say. China is this year set to see grain production rise for the 12th consecutive year even as overseas grain prices fell 40% to 50% from 2011/2012 levels. Last year, China’s grain inventory was estimated at 766 million tons while imports surpassed 100 million tons for the first time.
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