High costs in grain production are posing challenges to China’s agricultural competitiveness, a report said. Rapidly-growing labor and land costs have boosted prices of homegrown farm produce to levels near or even higher than imported grain, according to a report by the Rural Development Institute of the Chinese Academy of Social Sciences…Full Article: ECNS.cn July 2017
- From 2007 to 2015, according to a report published by the Rural Development Institute of the Chinese Academy of Social Sciences, Chinese production costs for 1 mu (~0.07 hectare) of rice, wheat, and corn increased by a factor of 2.27 to CNY 1,090 (~USD 160).
- From 2011 to 2016, Chinese grain imports increased on average by 32.2% per year, while meat and dairy products increased on average 24.9% and 16.6% per year, respectively.
- From 2015 to 2016, Chinese (incl. Hong Kong and Macau) imports of soybeans increased from 81.7 million MTs to 83.9 million MTs, while imports of wheat increased from 2.9 million MTs to 3.3 million MTs. Brazil, the USA, and Argentina were the top soybean suppliers, while Australia, Canada, and the USA were the top wheat suppliers. Over the same time period, Chinese imports of frozen beef increased from 746,970 MTs to 927,967 MTs. The top beef suppliers were Brazil, Uruguay, Australia, the USA, New Zealand, and Argentina.
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