China has accumulated more than half of the world's grain reserves

Published 2021년 12월 28일

Tridge summary

China is reportedly holding onto more than half of the world's corn and grain reserves, leading to a significant increase in global prices and potential famines in other countries. The US Department of Agriculture anticipates that China will control 69% of the world's corn, 60% of rice, and 51% of wheat in the first half of 2022. This hoarding has contributed to a 30% rise in the food price index, as reported by the Food and Agriculture Organization of the United Nations, compared to the previous year.

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Original content

China has managed to accumulate more than half of the world's reserves of corn and other grains. This has led to a sharp rise in global prices and famine in some countries. This was reported by UNIAN with reference to the publication NIKKEI Asia. It is noted that China maintains its food reserves at a historically high level. Its wheat reserves can meet domestic demand for a year and a half. According to the US Department of Agriculture, China is expected to concentrate 69% of the world's corn, 60% of rice and 51% of wheat in the first half of 2022. The food price index, calculated by the Food and Agriculture Organization of the United Nations, was ...

Source: Agropolit