World Grain - June 2023 - 40

China's
QUEST FOR FOOD SECURITY
Plan involves increasing self-sufficiency, investing in foreign agribusiness and farmland
by Arvin Donley
I
t is home to 20% of the global population while accounting
for only 10% of the world's arable land,
and despite having a stated goal of becoming selfsufficient
in grain by 2032, it has increased imports of
corn, wheat and soybeans by twelvefold over the last
five years.
This country, of course, is China, and no nation in
recent years has been more aggressive, both domestically
and abroad, in addressing its food security issues.
To increase domestic grain production, China has
done the following:
* Reconsidered its position on genetically modified
corn and soybeans and is on a path toward adopting
GM seed technology.
* Recently approved the safety of a gene-edited
soybean variety.
* Urged farmers to plant narrower rows of corn and
other crops and to double-crop wherever possible.
* Provided greater financial incentives for farmers
to plant soybeans to attempt to lessen its dependence
on imports.
Even if all those plans are successfully implemented,
it's doubtful China can feed itself with corn and soy40
bean
yields currently estimated at 60% below that of
the United States and with acreage so limited.
It even appears that China's well-intended push to increase
domestic soybean production may be negatively
impacting output of other crops and the profitability
of its farmers. In recent years, more farmers are planting
soybeans, which at this point are lower yielding
and less profitable than crops such as corn and wheat.
That could change if China decides to fully commit to
genetically modified soybeans, but for now it may be
contributing to a shift toward more imports of wheat
and corn.
In the past three years, China has imported 29 million,
21 million and 18 million tonnes, respectively, of
corn. Prior to the 2020-21 marketing year, the record
for corn imports was 7.5 million tonnes. China has followed
a similar pattern with wheat, importing 10.6 million
and 9.5 million tonnes in 2020-21 and 2021-22,
respectively, and an estimated 12 million tonnes this
year, which would be a record. Prior to that, the record
for wheat imports was 6.7 million tonnes in 2013-14.
Steve Nicholson, global sector strategist for grains
and oilseeds at Rabobank, said in terms of consumpJune
2023 / World Grain / World-Grain.com
©JJ Gouin-stock.adobe.com

http://www.World-Grain.com

World Grain - June 2023

Table of Contents for the Digital Edition of World Grain - June 2023

World Grain - June 2023 - Intro
World Grain - June 2023 - 1
World Grain - June 2023 - 2
World Grain - June 2023 - 3
World Grain - June 2023 - 4
World Grain - June 2023 - 5
World Grain - June 2023 - 6
World Grain - June 2023 - 7
World Grain - June 2023 - 8
World Grain - June 2023 - 9
World Grain - June 2023 - 10
World Grain - June 2023 - 11
World Grain - June 2023 - 12
World Grain - June 2023 - 13
World Grain - June 2023 - 14
World Grain - June 2023 - 15
World Grain - June 2023 - 16
World Grain - June 2023 - 17
World Grain - June 2023 - 18
World Grain - June 2023 - 19
World Grain - June 2023 - 20
World Grain - June 2023 - 21
World Grain - June 2023 - 22
World Grain - June 2023 - 23
World Grain - June 2023 - 24
World Grain - June 2023 - 25
World Grain - June 2023 - 26
World Grain - June 2023 - 27
World Grain - June 2023 - 28
World Grain - June 2023 - 29
World Grain - June 2023 - 30
World Grain - June 2023 - 31
World Grain - June 2023 - 32
World Grain - June 2023 - 33
World Grain - June 2023 - 34
World Grain - June 2023 - 35
World Grain - June 2023 - 36
World Grain - June 2023 - 37
World Grain - June 2023 - 38
World Grain - June 2023 - 39
World Grain - June 2023 - 40
World Grain - June 2023 - 41
World Grain - June 2023 - 42
World Grain - June 2023 - 43
World Grain - June 2023 - 44
World Grain - June 2023 - 45
World Grain - June 2023 - 46
World Grain - June 2023 - 47
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World Grain - June 2023 - 49
World Grain - June 2023 - 50
World Grain - June 2023 - 51
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World Grain - June 2023 - 53
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World Grain - June 2023 - 55
World Grain - June 2023 - 56
World Grain - June 2023 - 57
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World Grain - June 2023 - 60
World Grain - June 2023 - 61
World Grain - June 2023 - 62
World Grain - June 2023 - 63
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World Grain - June 2023 - 65
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World Grain - June 2023 - 89
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https://www.nxtbook.com/sosland/wg/2016_07_01
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