China is stockpiling food in preparation of looming food shortages while US increases exports
While killer lockdowns in China are leading to starvation and mass suicide, as well as serious disruptions to exports, China has been quietly stockpiling food for the past couple of years in what appears to be preparation for coming food shortages, and is increasing imports of food.
In December of 2021, RT.com reported that China had the world’s largest stockpile of grains:
World’s biggest grain stockpile revealed
The world’s most populous country, China, has managed to stockpile more than half of the globe’s corn and other grains, and is expected to boost food reserves further, statistics show.
According to data from the US Department of Agriculture, China is likely to have 69% of the globe’s corn reserves in the first half of the 2022 crop year – 60% of rice and 51% of wheat. The projections indicate increases of around 20 percentage points over the past 10 years.
Data by the Chinese General Administration of Customs shows the nation spent $98.1 billion importing food (beverages are not included) in 2020, up 4.6 times from a decade earlier. In the first nine months of this year, China imported more food than it had since at least 2016 – that’s as far back as available data goes.
Over the past five years, China’s soybean, corn, and wheat imports soared two to twelvefold on the back of massive purchases from the United States, Brazil, and other supply nations. Imports of beef, pork, dairy, and fruit jumped two to fivefold.
Experts say the country is importing more grain and other food because domestic production is unable to keep up with consumption.
The head of grain reserves at the National Food and Strategic Reserves Administration, Qin Yuyun, told reporters last month that China is maintaining its food stockpiles at a “historically high level.”
“Our wheat stockpiles can meet demand for one and a half years. There is no problem whatsoever about the supply of food,” Qin said. (Source.)
Today, RT.com is reporting that China is addressing “food security concerns” by increasing their imports of soybeans, mostly from the U.S.
Soybeans are high in protein and the #1 ingredient in livestock feed today.
China addresses food security concerns
Beijing has been importing more soybeans recently, data shows
US soybean exports to China are leading their five-year average this year, the South China Morning Post reported on Monday, citing industry data. Beijing is looking to protect and bolster its supply chain as global food-security fears mount.
American soybean producers shipped 27.3 million metric tons to China from September 1 to April 22, according to Scott Gerlt, an economist with the American Soybean Association. He told the SCMP that over the past five years, China ordered up to 23 million metric tons in the September-April periods.
Gerlt explained that the Russia-Ukraine conflict cramped China-bound exports of wheat, corn, and sunflower oil from the two farm-rich countries. The conflict has also driven up prices of soybeans as a substitute. Meanwhile, four-fifths of US soybeans are processed into livestock feed in China and the rest into vegetable oil.
Gerlt also noted that the South American soybean-exporting nations – Argentina, Brazil, and Paraguay – have been struggling with drought conditions since last year, reducing shipments to China from normally vibrant sources.
People in the Washington D.C. area are stating that these increased exports of food to China are good for American farmers, apparently ignoring the fact that the U.S. should also be stockpiling food as part of our own national food security.
“What’s clear is that China will be paying more to import food for people and livestock, whether it’s now or later in the year, and they don’t have a lot of supplier choices,” Douglas Barry, council communications vice president of the Washington-based advocacy group US-China Business Council, was quoted as saying by the media.
“It’s supply and demand, which augurs another good year for farmers in the US heartland, whether it’s due to volume or value,” Barry said.
China is the world’s top importer of soybeans, purchasing about 97 million metric tons in 2021, according to data by market research firm Statista. (Source.)
Not only can soybeans be used in animal feeds, it can be turned into biodiesel and combined with petroleum diesel to help keep our trucks on the road in the event that fuel becomes scarce or too expensive to operate the nation’s trucking fleet.
So as China increases their food security, the U.S. Government seems to be destroying our own food security here in the U.S.