New Market Study Published: China Agribusiness Report Q1 2013
As the Chinese government boosts agriculture productivity in its drive to ensure national food security, we expect government subsidies to continue to grow. In 2011, this spending reached CNY134.5bn (US$21.2bn), with a large portion 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, wheat, sugar and even rice in the long term as consumption growth exceeds production growth. Yield improvement would be...
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