China has announced plans to accelerate agricultural modernization and stabilize grain planting areas to ensure high production levels, as reported by state media following an annual rural policy meeting.
Key Highlights:
Record Grain Production:
China achieved a record grain production of 706.5 million metric tons this year, with 294.92 million tons of corn included in this total.
Despite this achievement, China remains dependent on imports, prompting efforts to boost domestic output and enhance food security.
Policy Priorities:
During the meeting, policymakers emphasized the importance of improving farmers’ incomes and leveraging agricultural science and technology.
The official Xinhua news agency reported a commitment to stabilizing grain planting areas and increasing yields of grain and oil crops.
Support for Grain Production:
China plans to enhance its policy framework supporting grain production and improve the quality and protection of cultivated land.
The agriculture ministry has pledged to consolidate gains in soybean and oilseed production.
Economic Context:
Despite increased domestic production of soybeans, corn, and wheat, lower consumption due to an economic slowdown has led to declining prices.
The ministry is also focused on optimizing pig production capacity and following up on relief measures for the beef and dairy industries.
Market Adjustments:
In response to falling prices for pork, beef, dairy, and poultry, authorities have implemented regulations to manage livestock populations and stabilize market prices.
Measures include reducing the breeding sow population and controlling beef cattle production.