More than 300 participants crowded the U.S. Grain and Oilseed Market and Trade Forum, held last week in Beijing, to assess the evolving role of trade in meeting China’s strategic food security objectives. Iowa producers Kevin Ross and James Grief presented on the U.S. producers’ perspective and current crop conditions at the Forum.
“The Forum was focused on food security, sustainability and safety,” said Kevin Roepke, U.S. Grains Council director of trade development in China. “It’s the only conference of its kind in China to join government, traders, end-users and other interest groups to debate how to meet our non-negotiable mandate – to feed the world’s growing and increasingly affluent population.”
Sponsored by the Council and other cooperators, the Forum attracted an audience of traders, government officials, buyers and policy researchers interested in the long term dynamics of the feed grains and meat production in China.
U.S. corn and distiller’s dried grains with solubles (DDGS) exports to China have been disrupted by complications arising from the detection of as-yet unapproved biotech traits in some export cargoes. Click here for an update on the current situation. The current disruption, however, does not change the underlying dynamic of rapidly growing demand as China continues to advance economically.
Forum topics included current market developments, market risks, incentives for greater industry cooperation and the need for companies in China to access global markets to upgrade management skills.
Steady growth in food demand fueled by China’s rapidly expanding middle class will create incentives for the expansion of trade and further cooperation between the United States and China. Access to global markets and an improved system for the approval of biotech events are clearly among the most cost-effective and economically productive ways to meet China’s strategic food security goals.
Steady growth in food demand fueled by China’s rapidly expanding middle class will create incentives for the expansion of trade and further cooperation between the United States and China. Access to global markets and an improved system for the approval of biotech events are clearly among the most cost-effective and economically productive ways to meet China’s strategic food security goals.
The Global Miller
This blog is maintained by The Global Miller staff and is supported by the magazine GFMT which is published by Perendale Publishers Limited.
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