AgriChina News Alerts

With increasing share of imported grain in the domestic consumption, China's grain self-sufficient rate in 2012 is predicted to drop below 90%, breaking the line of 95%, which was set by the Medium and Long Term Plan for National Grain Security issued on 2 July, 2012. This will make China's grain encounter some important changes and challenges. The relationship between China and the world becomes closer in grain issue than before since China's import volume of grain accounts for about 30% of the world's total. Thus, China should take measures more actively to adapt to these changes. For one thing, China should actively enlarge its agricultural investment in overseas market to increase its influence in agricultural fields, especially in grain production and trading; for another, China should improve its competitiveness by upgrading agricultural industry. Fortunately, China has been attaching great importance to agriculture for years. The No. 1 central document of 2013 which is about to be released in the period of Jan. to Feb. 2013 is predicted to continue to focus on agricultural issues. In addition, as an important benefiting agricultural policy issued in 2004, China's agricultural machinery purchasing subsidy has shown a continuous increase in recent years, which has largely improved the level of agricultural mechanization and guaranteed grain production.