Article Image

IPFS News Link • Food Shortages

Food Crisis About To Get Worse After China Says Winter Wheat Condition Could Be Worst In History

• https://www.zerohedge.com by Tyler Durden

Speaking to reporters on the sidelines of the Chinese regime's annual political meetings, Minister of Agriculture and Rural Affairs Tang Renjian said that heavy rainfall last year delayed the planting of about one-third of the normal wheat acreage.

A survey of the winter wheat crop taken before the start of winter found that the amount of first- and second-grade crop was down by more than 20 percentage points, Tang said.

"Not long ago we went to the grassroots to do a survey and many farming experts and technicians told us that crop conditions this year could be the worst in history," he said. "This year's grain production indeed faces huge difficulties."

As the Epoch Times notes, the minister's comments underscore concerns about China's grain supply at the same time as the war between Russia and Ukraine, which together account for about 29% of global wheat exports, has disrupted supplies causing wheat prices to surge to 14-year highs.

However, Tang is confident China can ensure a bumper harvest of summer grain thanks to strong policy and technical support and the improving crop condition for the grain.

Fuelled by the Ukraine crisis, wheat prices in China soared to a record this week on existing domestic supply worries.


AzureStandard