Food security is a paramount concern for the world’s most populous nation, and its dependence on imported soybeans likely means ‘another good year for farmers in the US heartland’.
As food prices rise globally and war rages between two of the world’s biggest grain suppliers, Beijing is intent on doing what it must to secure adequate food for the most populous country.
Bottleneck comes amid record high fertiliser prices, driven up by strong global demand, high energy costs and sanctions on major producers Russia and Belarus
To produce clean energy, Biofuels use crops that could be put to better use for food production.
With an eye on increasing China’s self-sufficiency in grain production, its minister of agriculture and rural affairs has sounded the alarm on risks to its wheat output while calling for greater soybean harvests.
Rapid hog restocking following African swine fever and a post-coronavirus resurgence in the food-service industry are combining to dramatically push up demand for soybeans in China.