Beijing | Reuters — China plans to revamp the scheme it uses to allocate quotas for agricultural imports, as part of efforts to stamp out corruption and to rein in record state grain stockpiles, according to government and industry sources. The low-tariff quotas, which are sanctioned under China’s membership of the World Trade Organization, are […] Read more
Battling graft, China to overhaul grains import quota system
Milk prices sink as ‘white gold’ floods even China’s demand
Wellington/Shanghai | Reuters –– Hopes of a “white gold” rush fuelled by booming Asian demand for milk and other dairy products have been dealt a blow, as swollen stockpiles in top consumer China and a flood of supply pummel dairy prices. Global dairy prices have fallen more than 40 per cent since February, according to […] Read more
China set to increase corn imports due to weather losses
Reading Time: < 1 minute Reuters / China is likely to import a record volume of corn in the next marketing year, as the world’s second-largest consumer takes advantage of a fall in global prices and after the domestic crop suffered damage from mould and wet weather delayed plantings. Imports are expected to reach between six and seven million tonnes […] Read more
China set to increase corn imports due to weather losses
Reading Time: < 1 minute China is likely to import a record volume of corn in the next marketing year, as the world’s second-largest consumer takes advantage of a fall in global prices and after the domestic crop suffered damage from mould and wet weather delayed plantings. Imports are expected to reach between six and seven million tonnes in the […] Read more
China culls birds as flu death toll rises to six
Chinese authorities slaughtered over 20,000 birds at a poultry market in Shanghai on Friday as the death toll from a new strain of bird flu mounted to six, spreading concern overseas and sparking a sell-off in airline shares in Europe and Hong Kong. The local government in Shanghai said the Huhuai market for live birds […] Read more
China to stockpile domestic corn, soy for state reserves
Incentive China will buy soy, corn at prices 15 per cent higher than last year’s offer to farmers
Reading Time: < 1 minute Reuters — The Chinese government will start stockpiling soy and corn from local farmers at higher prices than a year ago, an industry source said Nov. 13, a move set to stabilize domestic prices and support soy imports. China, the world’s top soy buyer, will pay 4,600 yuan ($740) per tonne to soy farmers in […] Read moreCyber-Savvy Farmer
