China Agribusiness Report Q3 2012 - New Market Report Now Available
BMI View: As the Chinese government continues to boost agriculture productivity in its drive to ensure national food security, we expect government subsidies to continue to grow. In 2011, it reached a total of CNY134.5bn (USD21.2bn), with a large portion of it being channelled into seed, fertiliser and fuel subsidies. That said, we believe the country will inevitably grow more reliant on imports of key grains such as corn, sugar and even rice in the long term as consumption growth...
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