China expects to increase its grain imports during the 13th Five-Year Plan period (2016-20) rather than continue to increase its farming capacity, according to Minister of Agriculture Han Changfu. After increasing domestic grain production for the past 11 years, the country will, in what scientists see as a major shift, aim for stable output and quality products rather than ever-increasing domestic supplies, Han said in his report earlier this month. As a result of population growth and urbanization, China’s demand for grain is expected to rise from 600 million metric tons in 2014 to 700 million tons in 2020. By then, Han said, there will be a gap of perhaps 100 million tons between the domestic demand and supply, to be filled by imports…Full Article: ECNS.cn Oct 2015

Key Points

  • China plans (13th Five-Year Plan) to remain self-sufficient in staple foods such as wheat and rice, but will import more animal feed.
  • According to a professor of professor of agricultural economics at Renmin University of China, there is a strong likelihood China will see increased imports of soybeans, corn, meat, and milk.

ChinaAg Comment

  • In September 2015, China announced it would reform numerous agricultural subsidies and investments flows into the agricultural sector as part of its 13th Five-Year Plan period (2016-2020).

Similar Posts by ChinaAg

Spread the word. Share this post!