14-01-2014 02:00 AM | Hong Kong

Higher grain imports tipped in policy shift

Beijing will allow more agricultural imports as it reassesses food security in a shift that would help exporters from the United States to the Ukraine, two people with knowledge of the plan said.

A draft of the annual agricultural policy statement, which is still under review, shows the government is considering cutting the ratio of total food crop relative to consumption to 80 percent, from 95 percent, the sources said.

But the nation will continue to grow and stockpile enough rice and wheat to feed itself during any time of war or trade embargo, they said. The final paper will likely be released later this month.
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