Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Chinese Think Tank Sees Nation's Grain Supply Running 27 Million Tons Behind Demand

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Topic Forums » Environment/Energy Donate to DU
 
hatrack Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-28-07 10:16 AM
Original message
Chinese Think Tank Sees Nation's Grain Supply Running 27 Million Tons Behind Demand
Chinese think tank the National Grain and Oil Trade Center reports that the world's most populous nation is facing a significant grain and oilseed supply deficit as the rising population and strong demand have offset production increases and rising import levels. That's according to a story early Tuesday from Dow Jones Newswires.

The Trade Center estimates 2007 grain production at 501.5 million tons against demand of 527.5 million tons for a total short fall of 26 million tons.

That is primarily due to a soybean deficit of 31 million tons, along with a half million ton rice deficit. Wheat's expected to have a 6 million ton surplus and corn could have a 3.1 million ton surplus.

In their November 9 world production update, the United States Department of Agriculture placed Chinese corn production at 145 million tons, rice at 129.50 million, wheat at 106 million, and soybeans at 14.3 million tons.

EDIT

http://www.agrimarketing.com/show_story.php?id=47229
Printer Friendly | Permalink |  | Top
AlecBGreen Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-28-07 10:49 AM
Response to Original message
1. bad news
but not the end of the world. The Chinese use soybeans primarily to make tofu, cooking oil, and as livestock feed. The dietary staples (rice, veggies, pork) are mostly unaffected. Still, pork is at record prices anyway so this wont help. Those farmers must getting more pissed by the day.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Fri Nov 28th 2014, 08:52 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Topic Forums » Environment/Energy Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC