China’s fading hunger for grain spells trouble for world farmers

Quick Summary:

Warehouses across China are bulging with grain amid a deepening economic crisis, reducing imports and straining the world’s farmers.

China’s slowdown and the pain in the country’s property market have battered consumer confidence, pushing money-conscious households to cut back on meat and forgo restaurants, curbing the amount of crops needed to feed a massive pig herd or to fry food.

Impact from the collapse of confidence is all around.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: Hong KongAustraliaChina

Topics: Economy Markets Slowdown Start Warehouses China Likely Confidence Food Demand Farmers

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-16 @ 13:29:06 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 230 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 26 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 22524055

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Official Website: scmp.com

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