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China's grain sees simultaneous increases in three quantities, experts say overall supply exceeds demand
Currently China's grain is experiencing the phenomenon of simultaneous increases in three quantities - rising output, rising imports and rising inventories - which has aroused widespread public concern. Experts believe that to solve the problem of high grain inventories, one cannot treat only the symptom and not the root cause. If only consideration is given to digesting the high
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Is the simultaneous increase in the three grain quantities too much or too little, and how should it be tackled?
This year China's summer grain achieved a twelfth consecutive bumper harvest. Last year, China's grain production remained stable above 1.2 trillion jin for two consecutive years. At the same time, grain imports exceeded the 100 million tonne mark for the first time. In the first 7 months of this year, 72.568 million tonnes of grain were imported, up 22.4% year on year. This has left many people puzzled.
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How to Break the Dilemma of the "Three Simultaneous Increases" in Grain
The strange phenomenon of the simultaneous increase in China's grain production, imports, and stockpiles has not only caused serious unsold surpluses of domestically produced grain, but also, under the impact of cheap imported grain, has kept national grain stockpiles persistently high. In the short term, this obstructs domestic grain circulation and increases pressure on fiscal spending.
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