China produced 607.1 million metric tons of grain this year - a record for the eleventh year running, The Wall Street Journal reports.
Read more HERE.
Since Beijing relaxed some of its policies to permit more grain imports over the past few years, analysts have closely watched China's annual harvests in an attempt to predict its readiness for agricultural trade.
The Chinese have long been aiming for self-sufficiency in grain production. However, in January the Ministry of Agriculture removed corn from the list of grains for which “absolute security” must be achieved, leaving only rice and wheat.
This year the total yield for wheat and rice rose by 7.05 million tons, with a significant improvement in grain quality as well, the Ministry’s chief economist said. Specifics for corn were not given, except to report “steady growth”.
The Chinese government are keen to reassure Industry that an increase in grain imports will not start a world-wide scramble for food resources.
Beijing is also working to find other sources for corn imports. Recently the US has accounted for 97 percent of corn imported by China.
Read more HERE.
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