China to grow more soybeans

Published 2023년 2월 13일

Tridge summary

China is set to increase its production of soybeans and edible oils to reduce reliance on imports, as part of a new agricultural policy. The policy also aims to boost grain production capacity by 50 million tons, increase corn yields, support wheat farmers, and promote rapeseed production. It will also accelerate the commercialization of biotech corn and soybeans. The policy also focuses on environmental protection, conserving water, and controlling the use of arable land, as well as the development of indoor farms.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

China is stepping up its efforts to increase production of soybeans and edible oils, state media reported on Monday, citing a key agricultural policy document, as the country continues to push for greater self-sufficiency in basic food supplies. The world's biggest soybean buyer is trying to reduce its heavy reliance on oilseed imports as the pandemic, rising trade tensions and more frequent climate disasters raise concerns about the nutrition of 1.4 billion people. In its annual rural policy plan, known as "Document No. 1", China's State Council, Cabinet of Ministers, reaffirmed the recently announced goal of increasing grain production capacity by 50 million tons, compared to the current production of more than 650 million tons. It will aim to boost corn yields, further support wheat farmers, and "vigorously" promote rapeseed production, as well as lesser-known oilseeds such as camellia, the state-run Xinhua news agency reported. It will also accelerate the commercialization of ...
Source: Oilworld

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