China, the world’s largest rice consumer, is expected to become the largest rice importer this year, according to a new report. China’s rice imports this year will surge to three million tons from 2.34 million tons a year ago, according to the United States Department of Agriculture report featured prominently in the Chinese media today…Full-text article: The Hindu Business Line May 2013

Key point

  • The rise in rice imports are being attributed to high domestic prices stemming from the Chinese government’s minimum grain purchase price versus cheaper global prices

ChinaAg Comment

  • In 2011, China produced 201 million MTs of rice and imported 922,052 MTs (valued at US$695 million). From January to September 2012, China imported 2.1 million MTs imported, valued at US$1.1 billion

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