USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / Industries

China 'to become major grain importer by 2015'

By Zhou Siyu | chinadaily.com.cn | Updated: 2013-05-23 14:38

China, the world's largest food consumer, is expected to become a major grain importer by 2015, head of a global grain trader said in a recent industry forum.

Sunny Verghese, CEO of Olam International Ltd, a Singapore-based grain trader, said because of diminishing resources of land and water, China is on the way to become a major importer of corm, wheat and rice by 2015, according to a report by Bloomberg.

The country has long asserted its bottom line of maintaining its food security by domestically producing 95 percent of its grain consumption. So far imported corn, wheat and rice account for a very small proportion of the total consumption.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US