From the Wall Street Journal:
China’s grain harvest of 546.4 million tons this year is its largest on record … it’s the seventh straight annual rise, which is also an expression of China’s determination … to make its farms feed 95 percent of the nation’s needs.
Jaw-dropping as this new record is, however, it also invites a fair bit of chin scratching.
The sustainability, or not, of China’s grain output matters because a shift in just a few percentage points in the country’s grain demand or output means millions of tons of shipments diverted from other parts of the world. The U.S. this year provided for 97 percent of China’s corn imports.
For the complete article, go to: A 546-Million-Ton Elephant in China’s Grain Silo