Page 15 - Vol.36-No.6 issue

CHINA’S AGRICULTURE EXPORTS

CHINA’S AGRICULTURE EXPORTS TO

ACCELERATE IN NEXT DECADE

The transformation and upgrading of ucts will become increasingly active, rates of 5.9 percent, 3.2 percent, and 1.3
agriculture in China will significantly and China will remain the world’s larg- percent respectively.
accelerate in the next 10 years, and the est importer of agricultural products, the The price formation mechanism for
level of agricultural modernization will report said. agricultural products in China will con-
steadily improve, according to a report China’s trade partnerships with the tinue to improve, with both nominal and
released on Monday. United States, Brazil, ASEAN, the Europe- real prices of agricultural products on an
The China Agricultural Outlook (2020- an Union, Australia, and countries par- upward trend.
2029) released by the China Agricultural ticipating in the Belt and Road Initiate The supply of food grains will be
Outlook Conference 2020 summarized will strengthen. Agricultural imports will ample in China, and the trend of mar-
and reviewed the market situation of continue to grow and import sources will ket-based pricing of rice and wheat will
18 major agricultural products in 2019, be more diverse. be more obvious. Feed grain supply will
made projections on production, con- Imports of wheat and corn are ex- be tight, and corn prices are expected
sumption, trade, and price in the next 10 pected to increase by 67.1 percent and to rise moderately. Land-intensive prod-
years, and analyzed existing uncertain- 74.6 percent respectively. Imports of ucts such as soybeans, cotton, sugar and
ties. soybeans are expected to reach 99.52 vegetable oil will be in short supply,
The focus of China’s agriculture de- million tonnes, up 7.5 percent, and sug- with a high import dependency and
velopment will shift from increasing ar imports will continue to increase, with close price linkage at home and abroad,
production to improving quality. The an expected growth of 142.7 percent, ac- the report said.
production and supply of green, ecolog- cording to the report. The China Agricultural Outlook Con-
ical, high-quality and safe products will China’s pork imports are expected to ference, organized by the Agricultur-
increase significantly, the report said. increase significantly in the early peri- al Information Institute of the Chinese
The structure of food grain varieties od of the next 10 years and fall rapidly Academy of Agricultural Sciences, has
will continue to be optimized, with the in the later period due to production re- issued the China Agricultural Outlook
planting area steadily declining. Unit covery, and beef and mutton imports will report for six consecutive years. The
yield increases will promote the steady continue to increase, the report said. report updates agricultural monitoring
growth of rice and wheat output, with an Imports of dairy and aquatic products information and guides agricultural pro-
average annual growth rate of less than are expected to increase by 46.8 per- duction and market adjustment of agri-
1 percent in the next 10 years, said the cent and 37.5 percent respectively in cultural products.
report. the next 10 years. Exports of tradition-
Soybean and milk output will grow at ally competitive products,
an average annual rate of 3 percent, and including fruits, vegeta-
corn, fruit, and poultry meat 2 percent to bles, and aquatic prod-
3 percent, while pork, beef, and mutton, ucts, will maintain growth,
sugar, vegetables, and potatoes grow 1 with average an-
percent to 2 percent. nual growth
The report said China’s population
growth will lead to the continued growth
of food consumption. In the next 10 years,
total domestic consumption of rice and
wheat is expected to increase by 2.4 per-
cent and 11.8 percent respectively.
The scaling up of livestock production
will drive the expansion of feed use con-
sumption of coarse grains and soybeans.
The total domestic consumption of corn
and soybeans is expected to grow by
18.7 percent and 14.5 percent respec-
tively.
The changing pattern of China’s food
consumption will stimulate demand for
animal products. The total domestic con-
sumption of meat, poultry eggs, dairy
products, and aquatic products is ex-
pected to increase by 20.7 percent, 8.9
percent, 39.5 percent, and 9.8 percent
respectively.
China’s agricultural sector will be fur-
ther opened up to the outside world.
International trade in agricultural prod-
Circle 18 on enquiry card
Vol. 36 No. 6 13