Trade4go Summary
China has launched a 10-year plan to boost grain consumption and develop the industry, aiming to improve food security and increase the proportion of grain crops in residents' diets. The plan includes higher production standards, increased research, and international cooperation, and encourages companies and private capital to set up development funds to support the grain industry. The country also plans to promote the health benefits of grain consumption and improve the quality of domestic products, which could reduce China's demand in the global market.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
China on Tuesday launched a 10-year plan to boost grain consumption and develop the industry through higher production standards, research and international cooperation as part of efforts to improve food security. The 2024-2035 action plan, jointly issued by the National Food and Strategic Reserves Administration and other government departments, also calls on companies and private capital to set up development funds to support the entire grain industry. “By 2035, people’s awareness of grain crops will be significantly improved, the proportion of grain crops in residents’ diets will increase significantly, and the consumption level of grain crops will basically match (China’s) level of economic and social development,” the notice to various government agencies said. China is the world’s largest producer of grain crops, producing 652 million metric tons in 2024. However, it still relies on imports of corn, wheat and other staples to feed its 1.4 billion people. For example, China ...