China’s Agricultural Foreign Trade Expected to Slow in 2014

Chinese agriculture’s dependence on foreign trade will keep declining, with total import and export growth for agricultural products predicted to be lower than 5 percent in 2014, a think tank report said Friday. Total imports and exports are predicted to hit around 200 billion US dollars this year, with a growth rate of less than 5 percent year on year, compared with 6.2 percent in 2013, according to the report released by the Chinese Academy of Social Sciences…Full Article: The Global Times Apr 2014

Key point

• According to the think tank’s report, China will produce 610 million MTs of grain in 2014, while cotton and sugar production will decline

ChinaAg Comment

• In 2013, it was estimated that China’s grain output reached 601 million MTs

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