China is scouring the globe in search of new food suppliers

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The story "China is scouring the globe in search of new food suppliers" was covered 13 hours ago by Business Mirror, a news publisher based in Philippines.

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China is scouring the globe in search of new food suppliers - Business Mirror

Quick Summary:

China’s quest to feed itself has taken it as far as Kenya’s macadamia nut groves and Bolivia’s cattle ranches, as part of a push in recent years to diversify food sources away from traditional Western suppliers.

There are obvious beneficiaries like crop powerhouse Brazil, which has clawed market share in corn and soybean exports from the US, while Russia is selling more grains, edible oils and meat to China.

And even though the ban was lifted last month, Australia will need to work hard to claw back its market share —Vietnam is now the No.1 supplier of lobsters to China.