He told the SCMP that over the past five years, China ordered up to 23 million metric tons in the September-April periods. Beijing is looking to protect and bolster its supply chain as global food-security fears mount.Īmerican soybean producers shipped 27.3 million metric tons to China from September 1 to April 22, according to Scott Gerlt, an economist with the American Soybean Association.
US soybean exports to China are leading their five-year average this year, the South China Morning Post reported on Monday, citing industry data. Soybeans are high in protein and the #1 ingredient in livestock feed today.īeijing has been importing more soybeans recently, data shows Today, RT.com is reporting that China is addressing “food security concerns” by increasing their imports of soybeans, mostly from the U.S. There is no problem whatsoever about the supply of food,” Qin said. “Our wheat stockpiles can meet demand for one and a half years. The head of grain reserves at the National Food and Strategic Reserves Administration, Qin Yuyun, told reporters last month that China is maintaining its food stockpiles at a “historically high level.” Imports of beef, pork, dairy, and fruit jumped two to fivefold.Įxperts say the country is importing more grain and other food because domestic production is unable to keep up with consumption. Over the past five years, China’s soybean, corn, and wheat imports soared two to twelvefold on the back of massive purchases from the United States, Brazil, and other supply nations. In the first nine months of this year, China imported more food than it had since at least 2016 – that’s as far back as available data goes. The projections indicate increases of around 20 percentage points over the past 10 years.ĭata by the Chinese General Administration of Customs shows the nation spent $98.1 billion importing food (beverages are not included) in 2020, up 4.6 times from a decade earlier. The world’s most populous country, China, has managed to stockpile more than half of the globe’s corn and other grains, and is expected to boost food reserves further, statistics show.Īccording to data from the US Department of Agriculture, China is likely to have 69% of the globe’s corn reserves in the first half of the 2022 crop year – 60% of rice and 51% of wheat. In December of 2021, RT.com reported that China had the world’s largest stockpile of grains: While killer lockdowns in China are leading to starvation and mass suicide, as well as serious disruptions to exports, China has been quietly stockpiling food for the past couple of years in what appears to be preparation for coming food shortages, and is increasing imports of food.
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