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China's fading hunger for food grain spells trouble for world farmers

Business Standard LogoBusiness Standard18h ago

China's fading hunger for food grain spells trouble for world farmers - Business Standard

Quick Summary:

China was forced to feed a large portion of its wheat to animals last year after rain damage, boosting imports.

Industry group Intercereales sent a delegation to China seeking clarity from customers on a recent request by authorities to limit imports.“We are witnessing a bit of a freeze in business,” said Philippe Heusele, the president of international relations at Intercereales.

Beijing has already taken steps to try to protect farmers, asking traders to limit overseas purchases of corn, barley and sorghum — an effort to ease oversupply exacerbated by a buying spree earlier in the year, when merchants snapped up cheap overseas cargoes.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-16 @ 08:52:44 (18 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 1079 words

Reading Time: 6 minutes read

Sentences: 39 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22522636

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About Business Standard

Business Standard Logo

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 302 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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