The Epoch Times By and
China has had a bountiful grain harvest this year, according to reports from Beijing, but data from various official sources show that grain imports have reached a new high, and China’s grain reserves are now greater than 50 percent of global grain reserves.
If that’s accurate, some experts predict that China’s practice of stockpiling grains will further push up international food prices.
Latest data from China’s General Administration of Customs has revealed that from January to November this year, the country’s grain imports exceeded 150 million tons, an increase of 20 percent over the same period last year, of which cereals doubled, corn tripled, and rice also nearly doubled. This means that grain imports during the first 11 months of 2021 amounted to 23 percent of the officially claimed production of 650 million tons of grain this year.
