China's new feed grain policy may have ramifications for Canada

China’s new feed grain policy should be a boon for western Canadian farmers, says an analyst. Reuters reports that the world’s largest consumer of the commodity issued new guidelines on April 21 recommending that hog and poultry producers use less corn and soymeal in their rations. The country’s Ministry of Agriculture and Rural Affairs issued a statement on its website saying the guidelines are aimed at better using available raw materials. Brennan Turner, president of FarmLead, believes the guidelines will be a blessing for prairie farmers because it opens the door to more imports of feed ingredients like wheat, barley and peas. “The net benefits are pretty positive to the western Canadian wheat and barley producer,” he said. Turner believes the new guidelines address rising food security concerns in China that have been exacerbated by the COVID pandemic. The government wants to keep a lid on corn and soymeal prices, which have been skyrocketing in the country and are, in turn, ...