Archivos diarios: agosto 20, 2014

China grain imports surge 80%

china, import, cereals, 2014

China imported 11.34M tonnes of cereals during the first seven months of 2014, up 80% year-on-year (y/y), according to data released by the General Administration of Customs (GAC).

The booming grain imports are attributed to the strong domestic demand and lower prices at international market, stated GAC in a report.

China has increased the flexibility of its grain imports by purchasing more cereals from the global markets at cheaper prices to ensure sufficient domestic stocks, preventing unexpected supply risks.

The rising grain imports do not pose any threat to the nation’s food security, Li Guoxiang, deputy director of the Rural Development Institute at the Chinese Academy of Social Sciences in Beijing, told local media.

"Flexible imports of foreign corn, wheat and soybeans will not only save China’s water resources but also help rehabilitate selected parts of the country’s already exhausted farmlands," said Wang Suiyuan, vice-president of the China Feed Industry Association.

Related news: