Will the skyrocketing international food prices affect the "rice bowls" of the Chinese people?

Published 2021년 3월 25일

Tridge summary

The article highlights the concern over the significant rise in international food prices, as reported by the Food and Agriculture Organization of the United Nations. It notes increases in the prices of major grains, leading to concerns about the potential impact on domestic prices and the stability of food security in various countries, including China. Despite the concerns, data shows that China's national consumer price decreased by 0.3% year-on-year in January 2021, with food prices experiencing a slight increase. The Chinese government assures that the country's food security is well-established, attributing it to a high self-sufficiency rate in major staple foods and an adequate inventory of grain and agricultural products. However, the article also acknowledges the need for vigilance due to the delicate balance between China's food supply and demand, especially in the face of external uncertainties.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Recently, the skyrocketing international food prices have aroused concern. Chinese people are very concerned about whether this will affect the "rice bowls" of the Chinese people? From the FAO. International food prices have soared. According to the data released by the Food and Agriculture Organization of the United Nations, in February 2021, the international prices of major grains rose sharply year-on-year. The price of sorghum increased by 82.1% compared with the same period in 2020, the price of corn increased by 45.5% year-on-year, and the price of wheat Prices rose by 19.8% year-on-year. The FAO Food Price Index averaged 116.0 points in February 2021, an increase of 2.8 points (2.4%) from the previous month, rising for the ninth consecutive month and setting the highest level since July 2014. Many countries Food prices have also soared. The prices of agricultural products in South Korea have generally risen. According to media reports, the price of Korean scallions has ...

Source: Stnn