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Beijing: China will become the world’s largest importer of agriculture products in 5 to 10 years as the country faces from shrinking farmland and other constraints on production, a top government think-tank researcher was cited by local media as saying. Cheng Guoqiang, a researcher with the
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Development Research Center of the State Council, or the cabinet, did not elaborate on which kind of farm products China has to import. China is already the world’s top importer of soya and cotton. The country’s agriculture faces challenges that include small-scale production, per - capita acreage
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that is less than 40% of the world’s average, underdeveloped organisational structure as well as little scientific and technological support, he said. China, the world’s second-largest consumer of corn and top consumer of pork as well as a major consumer of sugar, has already increased imports of these commodities this year as domestic production
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falls behind fast growing demand. China has said it aims to remain largely self-sufficient in grains over the next five years. To cope with the country’s rapidly growing demand for farm products, the country’s top state-owned trading house, COFCO, will spend more than $10 billion to fund overseas mergers and acquisitions in the next five years, the China Daily reported last week.Read Full: China set to become top farm products importer
