China’s grain reserves have reached a record high, an executive at a State-owned enterprise that manages the State grain reserves said Saturday, adding that there are not currently any concerns over the country’s food security. Bao Kexin, chairman of China Grain Reserves Corporation, told a forum Saturday that self-sufficiency in grain will not be a concern for China in the long term, due to efforts and policies to encourage farmers to plant more grain. China’s grain imports increased by 156.7% year-on-year in 2012…Full-text article: Global Times Mar 2013

Key points

  • According to the editor-in-chief of the Zhengzhou-based grain portal, some rice farmers in Sichuan, Hunan and Jiangxi provinces have decided to let their land lie fallow, while some others have switched to more profitable vegetable cultivation
  • Since 2004, the Chinese government has increased the minimum purchasing prices for grains every year by no more than 10%, which is less than annual increases in production costs incurred by farmers

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