China is working at being self-sufficient in major grains and agricultural products during the spring planting season. China would very much like to increase the output of soybeans and edible oils to reduce its dependency on imports of these commodities. Local authorities have been urged to allocate more land for production, give the boost needed to planting areas of major oil crops, and toughen the management of grain fields.

Currently, China imports soybeans, corn, wheat, and rapeseed from the U.S., Argentina, Mexico, and Brazil to complement its local production. U.S. soybean exports to China account for most total U.S. soybean shipments.

With this level of demand, China may be able to reduce dependence on foreign soybean supply, but it probably cannot shift to supply independence.

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Source: 123rf.com
Posted by: Information Services
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