China holds 70 percent of the world's corn reserves and half of the wheat.

China is rapidly increasing its strategic grain reserves, holding nearly 70% of the world's corn reserves and over half of the wheat and rice reserves, according to analyst estimates, which affects global grain prices and food availability, commented the electronic edition World-Grain. They point out that China's active grain hoarding withdraws significant amounts of production from the global market, increasing shortages in countries that depend on imports to ensure their food security. Official Beijing explains its policy with the desire to prevent large-scale famines, which have repeatedly affected the country. Meanwhile, amid growing geopolitical tensions, the accumulation of reserves is also seen as protection against possible military conflicts and disruptions in international supply chains. The approach of the United States, China's main political and economic rival, is quite different. The US abandoned the national reserve program years ago, mainly due to the high cost of ...