MARKET ANALYSIS

CHINA TO STABILISE GRAIN PRODUCTION, ENSURE LIVESTOCK SUPPLY IN 2022

China will stabilize corn production and expand soybean output in the new year to ensure grain security, agriculture minister said. “Safeguarding supply security of grains, and important agricultural and sideline products is always our top task and main priority,” Minister of Agriculture and Rural Affairs Tang Renjian said in an interview. “Agricultural and rural affairs departments must devote every effort to grain production, with the attitude of conducting a desperate fight, and with extraordinary and super strength.“ Tang’s comments come against the backdrop of lingering concern over food security in the world’s most populous country as the COVID-19 pandemic continues to disrupt food supply chains and logistics across the globe. China’s soybean output this year dropped sharply from last year while corn production increased as farmers sought to take advantage of better profitability. Tang called for abandoned land to be cultivated while maximizing the potential of intercropping to ensure stable grains acreage in 2022. The minister’s messages followed the two-day annual central rural work conference, where China’s central leadership delivered similar guidelines on stable grain production and oilseed expansion. Beijing vowed to safeguard grain security and ensure effective supplies of livestock, fish farming products and vegetables in 2022, reported citing comments made at the conference. “Ensuring the supplies of primary products is a major strategic issue,” Chinese President Xi Jinping said before the conference.