People Rush for Rice Storage in Hubei Province
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Han Patriot
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Ah Q also like to predict before things come into fruition, he thought the rebel army would win and hence he bet against his landlord. In the end the landlord bribed the rebels to kill him. The landlord is China and Ah Q is Vietnam. See the parallels? LololololHaha.okay Ah Q, if u dont know why, then just wait. Everyone is waiting till 2023 to see CN Ah Q is executed while No one can predict when VN will be in chaos
You need to let this Ah Q learn.
Viva_Viet
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In the end this, in the end that..blah blah blah...
...but when will "in the end" for VN happen ?? Ah Q like u dont know while I know exactly CN ah Q in chaos in 2023 And let me remind u that I dont care if Ah Q like u realize what really happen or not, I just want the whole wolrd understanding what is happening to CN ah Q now, so they can find out the best solution for them
( such as staying far away from CN like Pinoy doing now when they nid rice, but CN can not sell and Pinoy turn into support VN and get rice after that)
Viva_Viet
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US is running out of rice,too.Cnese-American soon will get Gout disease before getting corona virus cos ppl will get Gout when dont have rice to eat 
U.S. food banks run short on staples as hunger soars
Michelle Conlin, Lisa Baertlein, Christopher Walljasper
(Reuters) - It’s pitch black in El Paso, Texas, when the minivans and pickups start lining up at 4 a.m., snaking for more than a mile down the desert roadway leading to the city’s largest food bank.
FILE PHOTO: People queue to pick up fresh food at a Los Angeles Regional Food Bank giveaway of 2,000 boxes of groceries, as the spread of the coronavirus disease (COVID-19) continues, in Los Angeles, California, U.S., April 9, 2020. REUTERS/Lucy Nicholson
When rations are finally distributed five hours later, many boxes are filled with too many castoff beefsteak tomatoes but no pasta. Nor is there any rice, beans or other dry or canned goods.
“We really have no dry goods,” said Bonnie Escobar, chief development officer of El Pasoans Fighting Hunger.
Food banks nationwide are squeezed between short supplies and surging demand from needy families as the coronavirus pandemic has put more than 26 million Americans out of work. In New York City, the mayor appointed a food czar as lines of masked people form outside overstretched charities. More than a third of the city’s food banks have closed for lack of supplies, donations or volunteers, who are harder to recruit because of infection fears, according to the New York Mission Society. In San Diego, a local food bank waits on a $1 million order it placed weeks ago. Chicago and Houston food banks say they are nearly out of staples.
Before the pandemic, 1 in 7 Americans relied on food banks, according to Feeding America, a national network of the charities. Now, demand has doubled or tripled at many organizations, U.S. food bank operators told Reuters.
And yet farmers are destroying produce, dumping milk and culling livestock because the pandemic has upended supply chains, making it impossible for many to get crops to market. Grocery stores struggle to stock shelves because suppliers can’t adjust to the sudden shift of demand away from shuttered restaurants to retailers, which requires different packaging and distribution networks.
Advertisement
“The U.S. likely has a surplus of food right now,” said Keith Dailey, group vice president of corporate affairs at Kroger Co, the No. 1 U.S. supermarket operator. “It’s just hard to recover and redistribute.”
Before the pandemic, Feeding America member organizations received about a third of their food from grocery store programs that “rescue” fresh food and dry goods that are imperfect or close to expiration. Almost a quarter came from government programs that provide meat, cheese and other products. The rest came through donations from farmers and grocers and purchases by the food banks.
Now those supply lines are disrupted. Panic-buying of groceries stripped store inventories of often-donated surplus items, causing grocers to shift to cash donations for food banks. Surging demand from needy families, along with higher prices on some products, is busting food banks’ cash budgets - one Nebraska food bank, for instance, will spend up to $1 million on food in April compared to about $70,000 in a normal month.
“This is not an anomaly” across the region, said Angie Grote, a spokeswoman for Omaha’s Food Bank for the Heartland, which serves communities in 93 counties in Nebraska and Western Iowa.
Many farmers would rather donate food than destroy it, but overwhelmed charities do not have the labor or storage to handle such bulk donations. Neither can the government act fast enough to fill the gap left by disruptions of other sources and the sudden spike in hunger.
The Trump administration faces mounting pressure from trade groups such as the National Pork Producers Council and the National Potato Council to buy more surplus foods and redirect them to charities or schools that continue to provide meals to low-income families after halting classes. That could include, for instance, between $750 million and $1.3 billion worth of potatoes and derivative products that are trapped in the pipeline, the potato council said.
https://www.reuters.com/article/us-...hort-on-staples-as-hunger-soars-idUSKCN2261AY
U.S. food banks run short on staples as hunger soars
Michelle Conlin, Lisa Baertlein, Christopher Walljasper
(Reuters) - It’s pitch black in El Paso, Texas, when the minivans and pickups start lining up at 4 a.m., snaking for more than a mile down the desert roadway leading to the city’s largest food bank.
FILE PHOTO: People queue to pick up fresh food at a Los Angeles Regional Food Bank giveaway of 2,000 boxes of groceries, as the spread of the coronavirus disease (COVID-19) continues, in Los Angeles, California, U.S., April 9, 2020. REUTERS/Lucy Nicholson
When rations are finally distributed five hours later, many boxes are filled with too many castoff beefsteak tomatoes but no pasta. Nor is there any rice, beans or other dry or canned goods.
“We really have no dry goods,” said Bonnie Escobar, chief development officer of El Pasoans Fighting Hunger.
Food banks nationwide are squeezed between short supplies and surging demand from needy families as the coronavirus pandemic has put more than 26 million Americans out of work. In New York City, the mayor appointed a food czar as lines of masked people form outside overstretched charities. More than a third of the city’s food banks have closed for lack of supplies, donations or volunteers, who are harder to recruit because of infection fears, according to the New York Mission Society. In San Diego, a local food bank waits on a $1 million order it placed weeks ago. Chicago and Houston food banks say they are nearly out of staples.
Before the pandemic, 1 in 7 Americans relied on food banks, according to Feeding America, a national network of the charities. Now, demand has doubled or tripled at many organizations, U.S. food bank operators told Reuters.
And yet farmers are destroying produce, dumping milk and culling livestock because the pandemic has upended supply chains, making it impossible for many to get crops to market. Grocery stores struggle to stock shelves because suppliers can’t adjust to the sudden shift of demand away from shuttered restaurants to retailers, which requires different packaging and distribution networks.
Advertisement
“The U.S. likely has a surplus of food right now,” said Keith Dailey, group vice president of corporate affairs at Kroger Co, the No. 1 U.S. supermarket operator. “It’s just hard to recover and redistribute.”
Before the pandemic, Feeding America member organizations received about a third of their food from grocery store programs that “rescue” fresh food and dry goods that are imperfect or close to expiration. Almost a quarter came from government programs that provide meat, cheese and other products. The rest came through donations from farmers and grocers and purchases by the food banks.
Now those supply lines are disrupted. Panic-buying of groceries stripped store inventories of often-donated surplus items, causing grocers to shift to cash donations for food banks. Surging demand from needy families, along with higher prices on some products, is busting food banks’ cash budgets - one Nebraska food bank, for instance, will spend up to $1 million on food in April compared to about $70,000 in a normal month.
“This is not an anomaly” across the region, said Angie Grote, a spokeswoman for Omaha’s Food Bank for the Heartland, which serves communities in 93 counties in Nebraska and Western Iowa.
Many farmers would rather donate food than destroy it, but overwhelmed charities do not have the labor or storage to handle such bulk donations. Neither can the government act fast enough to fill the gap left by disruptions of other sources and the sudden spike in hunger.
The Trump administration faces mounting pressure from trade groups such as the National Pork Producers Council and the National Potato Council to buy more surplus foods and redirect them to charities or schools that continue to provide meals to low-income families after halting classes. That could include, for instance, between $750 million and $1.3 billion worth of potatoes and derivative products that are trapped in the pipeline, the potato council said.
https://www.reuters.com/article/us-...hort-on-staples-as-hunger-soars-idUSKCN2261AY
Last edited:
Viva_Viet
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this is old news, but may explain Why corona virus is so rampant in CN-US-EU. Cos they r eating too much GM food while CN leaders Xi seem even encourage Cnese scientist make more toxic GM food due to making Cn arable land shrunk so fast.
GM food will destroy ur immunity system like Sanlu milk adding melamine killing many CN kids
-----------\
China Hates GMOs. Problem Is, China Really Needs GMOs
This story does not meet WIRED's journalistic standards as it reproduces material published elsewhere. We've chosen to keep the story online for archival purposes and the public record.
China has a fifth of the world’s people, but only about 7 percent of its arable land. Food security is a national obsession—so it only seemed natural when, earlier this month, state-owned ChemChina announced its bid to buy the pesticide- and seed-producing giant Syngenta, in what is likely to be the biggest acquisition in the country's history. Technology, the Party seemed to say, and especially genetically modified crops, are the key to a sustainable future.
There’s just one problem: Most Chinese hate GMOs.
The Chinese Communist Party hasn't hesitated to use its money and clout to support the country's expanding population. It's bulldozed vast swaths of cities, rerouted and dammed the Yangtze River, and raised skyscrapers in the desert. But when it comes to commercial GMOs, China is stalling. The country issued its first license to a GM crop in 1997—cotton, which is now widely used. But the last crop approved was papaya, in 2006. Since then, China has confined GM crops to the laboratory.
Food, it turns out, is personal. In a country that only repealed its one-child policy a few months ago, families place a premium on safe and healthy foods—which have boomed as an industry over the past five years. At the supermarket, Chinese consumers choose between foods labeled non-harmful, green, natural, or organic, even if those labels don't mean anything. "Genetically modified" doesn't quite fit the mold.
A history of food scandals make Chinese consumers especially wary of technology in the grocery. In 2008, regulators discovered that corrupt businesses were adding melamine, a chemical used in plastics, to powdered milk and infant formula to artificially inflate protein measurements. The spiked powders killed six infants and hospitalized 54,000 others. That scandal roughly coincided with the central government’s decision to grant permission to a group of scientists researching Bt rice—a GM crop that expresses a gene from the bacterium Bacillus thuringiensis to ward off pests.
“There was a widespread public fear that, ‘Oh, maybe they’re trying to sneak this through too!’” says Carl Pray, an economist at Rutgers who has researched Chinese attitudes toward GMOs. Groups like Greenpeace and the ultra-Maoist group Utopia condemned the research. When Zhang Qifa, one of the project's scientists, took the stage to give a presentation, someone threw a ceramic mug at him. Another member in the audience cried, “Zhang Qifa is a traitor!”
That sentiment—minus the mug-slinging—is consistent across most of the Chinese population. In one survey, 84 percent of respondents were opposed to GMOs. The counterintuitive part? The higher your educational attainment, the more likely you are to oppose genetically modified crops. “I found that the most interesting questions were being asked by urbanites who were predisposed—rightly, I think—to ask difficult questions and push back against the technocrat’s assumption that more information will bring acceptance,” says Sam Geall, an anthropologist at the University of Sussex.
Despite all this, for the 13th straight year, agriculture and biotechnology topped the Party’s wish list in the No. 1 Central Document—the government’s prime directive. Chinese president Xi Jinping has stated that domestic scientists should “boldly research and innovate, [and] dominate the high points of GMO techniques.” The most recent Five Year Plan names biotechnology, including enhanced agriculture, as one of seven “Strategic Emerging Industries.” Caixia Gao, a plant geneticist at the Institute of Genetics and Developmental Biology, has used money from the Chinese Ministry of Science to engineer rice for herbicide resistance and corn for drought resistance. “We want to put our product on the market as soon as possible,” she says.
Whether consumers realize it or not, China is already dependent on GM crops. The country imports 5 million tons of GM corn and much more soybeans each year. “It’s mostly used for vegetable oil and animal feed,” says Pray. “But it’s being consumed.” And while China will bar Syngenta from bringing GM crops to market in the country, the company will very quickly be able to sell things like hybrid rice strains, which are made by crossing two or more strains of rice together. The company can also avoid regulations on GM crops—which only include those in which DNA has been added to plant genome—by blasting rice and corn with chemicals to induce mutations, hybridizing the strains that end up with useful changes.
Syngenta might also find a regulatory loophole in the powerful gene-editing technique Crispr. In China, GMOs are legally defined as "something to which you add DNA." Traditionally, you'd shoot up your rice with a bacteria that mixes in some interesting, new, pesticide-resistant DNA. But with Crispr, researchers can create a specific mutation by snipping with Crispr's genetic scissors. The right cuts could yield a strain of rice that’s terrifically resistant to disease—“even if you couldn’t tell it from a plant that’s got a mutation from a cosmic ray,” says Pray. Given China's rapid uptake of Crispr in even more ethically-fraught human biology experiments, the technology might finally help change the image of GMOs from contaminant to enhanced.
So how long before Chinese citizens rich and poor are eating their GM broccoli, in one form or another? “I would think within 10 years,” says Pray.
“Five years,” says Gao.
https://www.wired.com/2016/02/china-hates-gmos-problem-is-china-really-needs-gmos/
GM food will destroy ur immunity system like Sanlu milk adding melamine killing many CN kids
-----------\
China Hates GMOs. Problem Is, China Really Needs GMOs
This story does not meet WIRED's journalistic standards as it reproduces material published elsewhere. We've chosen to keep the story online for archival purposes and the public record.
China has a fifth of the world’s people, but only about 7 percent of its arable land. Food security is a national obsession—so it only seemed natural when, earlier this month, state-owned ChemChina announced its bid to buy the pesticide- and seed-producing giant Syngenta, in what is likely to be the biggest acquisition in the country's history. Technology, the Party seemed to say, and especially genetically modified crops, are the key to a sustainable future.
There’s just one problem: Most Chinese hate GMOs.
The Chinese Communist Party hasn't hesitated to use its money and clout to support the country's expanding population. It's bulldozed vast swaths of cities, rerouted and dammed the Yangtze River, and raised skyscrapers in the desert. But when it comes to commercial GMOs, China is stalling. The country issued its first license to a GM crop in 1997—cotton, which is now widely used. But the last crop approved was papaya, in 2006. Since then, China has confined GM crops to the laboratory.
Food, it turns out, is personal. In a country that only repealed its one-child policy a few months ago, families place a premium on safe and healthy foods—which have boomed as an industry over the past five years. At the supermarket, Chinese consumers choose between foods labeled non-harmful, green, natural, or organic, even if those labels don't mean anything. "Genetically modified" doesn't quite fit the mold.
A history of food scandals make Chinese consumers especially wary of technology in the grocery. In 2008, regulators discovered that corrupt businesses were adding melamine, a chemical used in plastics, to powdered milk and infant formula to artificially inflate protein measurements. The spiked powders killed six infants and hospitalized 54,000 others. That scandal roughly coincided with the central government’s decision to grant permission to a group of scientists researching Bt rice—a GM crop that expresses a gene from the bacterium Bacillus thuringiensis to ward off pests.
“There was a widespread public fear that, ‘Oh, maybe they’re trying to sneak this through too!’” says Carl Pray, an economist at Rutgers who has researched Chinese attitudes toward GMOs. Groups like Greenpeace and the ultra-Maoist group Utopia condemned the research. When Zhang Qifa, one of the project's scientists, took the stage to give a presentation, someone threw a ceramic mug at him. Another member in the audience cried, “Zhang Qifa is a traitor!”
That sentiment—minus the mug-slinging—is consistent across most of the Chinese population. In one survey, 84 percent of respondents were opposed to GMOs. The counterintuitive part? The higher your educational attainment, the more likely you are to oppose genetically modified crops. “I found that the most interesting questions were being asked by urbanites who were predisposed—rightly, I think—to ask difficult questions and push back against the technocrat’s assumption that more information will bring acceptance,” says Sam Geall, an anthropologist at the University of Sussex.
Despite all this, for the 13th straight year, agriculture and biotechnology topped the Party’s wish list in the No. 1 Central Document—the government’s prime directive. Chinese president Xi Jinping has stated that domestic scientists should “boldly research and innovate, [and] dominate the high points of GMO techniques.” The most recent Five Year Plan names biotechnology, including enhanced agriculture, as one of seven “Strategic Emerging Industries.” Caixia Gao, a plant geneticist at the Institute of Genetics and Developmental Biology, has used money from the Chinese Ministry of Science to engineer rice for herbicide resistance and corn for drought resistance. “We want to put our product on the market as soon as possible,” she says.
Whether consumers realize it or not, China is already dependent on GM crops. The country imports 5 million tons of GM corn and much more soybeans each year. “It’s mostly used for vegetable oil and animal feed,” says Pray. “But it’s being consumed.” And while China will bar Syngenta from bringing GM crops to market in the country, the company will very quickly be able to sell things like hybrid rice strains, which are made by crossing two or more strains of rice together. The company can also avoid regulations on GM crops—which only include those in which DNA has been added to plant genome—by blasting rice and corn with chemicals to induce mutations, hybridizing the strains that end up with useful changes.
Syngenta might also find a regulatory loophole in the powerful gene-editing technique Crispr. In China, GMOs are legally defined as "something to which you add DNA." Traditionally, you'd shoot up your rice with a bacteria that mixes in some interesting, new, pesticide-resistant DNA. But with Crispr, researchers can create a specific mutation by snipping with Crispr's genetic scissors. The right cuts could yield a strain of rice that’s terrifically resistant to disease—“even if you couldn’t tell it from a plant that’s got a mutation from a cosmic ray,” says Pray. Given China's rapid uptake of Crispr in even more ethically-fraught human biology experiments, the technology might finally help change the image of GMOs from contaminant to enhanced.
So how long before Chinese citizens rich and poor are eating their GM broccoli, in one form or another? “I would think within 10 years,” says Pray.
“Five years,” says Gao.
https://www.wired.com/2016/02/china-hates-gmos-problem-is-china-really-needs-gmos/
Viva_Viet
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ECONOMY
China stocks up food and oil as coronavirus spurs fears about shortages
PUBLISHED TUE, MAY 19 2020 9:39 PM EDT
Huileng Tan
@HUILENG_TAN
SHARE
KEY POINTS
A customer wearing face mask buys flour at a supermarket on May 12, 2020 in Taiyuan, Shanxi Province of China.
Zhang Yun | China News Service | Getty Images
China has been building up its food and energy stockpile this year, taking advantage of slumping crude oil prices even before the coronavirus pandemic disrupted supplies.
The world's second largest economy, which has limited arable land, is facing pressure to shore up its food supplies as prices for food started ticking higher last year, prior to the virus outbreak.
Lockdowns and movement restrictions aimed at containing the coronavirus have triggered transportation and logistics bottlenecks.
Those blockages have highlighted the vulnerability of global supply chains, and fears of food shortages have come to the forefront of countries, both in developed and emerging economies.
Fear is a powerful motivator. It's driving policy in China currently. Fits well with those hardliners that want to rebuild food reserves.
Arlan Suderman
CHIEF COMMODITIES ECONOMIST AT INTL FCSTONE
Consumers in China are worried about further repercussions from the pandemic as it continues to spread globally.
"People there (in China) are panicked that coronavirus will eventually shut down the world's ports, making it impossible for them to import," said Arlan Suderman, chief commodities economist for INTL FCStone in a tweet on Monday. "As such, they are hoarding supplies now while they are cheap and available."
"Fear is a powerful motivator. It's driving policy in China currently. Fits well with those hardliners that want to rebuild food reserves," he added.
Food prices surge
China is the world's largest consumer of pork, a staple protein for the country.
In the first four months of the year, meat imports in China rose 82% compared to a year ago. These include pork, beef and poultry.
"We expect food stockpiling to continue especially in cities exposed to logistic disruption. The confluence of expected food price increases alongside an economic contraction and rising unemployment will push up the risk of civil unrest," said Kaho Yu, senior Asia risk analyst at Verisk Maplecroft, a consultancy.
Already, food inflation in the country has been ticking higher.
Last Tuesday, China announced that food prices rose 14.8% in April from a year ago. Even though it was lower than the 18% increase in March, it was still at a high level.
Pork prices rose almost 97% in April in what has been a persistent trend since early 2019 due to the African swine fever epidemic in pigs that decimated China's hog herds.
In comparison, non-food prices rose just 0.4% in April, official government data showed.
Soybean supplies are particularly vulnerable to supply shocks as China, the top importer of the commodity, needs the oilseed to make animal feed and cooking oil.
In April, China's soybean imports fell12% from a year earlier, customs data showed, due to bad weather causing the delay of cargoes from top supplier Brazil.
As for rice, China is the world's largest producer of the staple grain with most of its supplies being consumed domestically.
Even so, concerns about food security of the staple grain have led to panic buying and spurred the state to acquire more stocks from the market for its national reserve.
In April, Chinese authorities assured the population that it was stepping up state buying of rice and that there were enough stocks, state news agency Xinhua reported.
"We expect China to continue stockpiling crops to ensure sufficient supply over the next six months by scouring the globe for available supplies," said Yu in a recent report.
The consultancy puts China in its "high risk" category in terms of food import security, which means that its food imports risk being subjected to disruption.
Crude oil reserve building
Likewise, China has been building up its crude oil stockpile, and went on a buying spree in the first quarter of this year, data show.
Although crude oil imports fell in Aprilcompared to a year ago, they still rose from March. But analysts say limited storage facilities could put a cap on imports.
China is expected to continue importing crude to fill its reserves taking advantage of lower oil prices.
Lei Sun
SENIOR CONSULTANT AT WOOD MACKENZIE
"Major crude oil importers such as China have been known to build their strategic reserves when prices are low, as seen in previous oil price routs," Lei Sun, senior consultant at Wood Mackenzie, said in a March report. "China is expected to continue importing crude to fill its reserves taking advantage of lower oil prices."
However, the country has less room to import than it did in the last two years, due to limitations in storage capacity, he said.
As supply lines continue to be disrupted due to the coronavirus outbreak, Yu at Verisk Maplecroft said he expects Beijing to double down on building more storage capacity, on top of energy development at home.
"Energy is also core to the country's economic engine. Throughout the pandemic, Beijing has been prioritising maintaining a stable coal supply with an eye on power generation for industrial activities," said Yu. "We also expect Beijing to speed up the resumption of large scale energy infrastructure projects."
https://www.google.com/amp/s/www.cn...-coronavirus-spurs-fears-about-shortages.html
China stocks up food and oil as coronavirus spurs fears about shortages
PUBLISHED TUE, MAY 19 2020 9:39 PM EDT
Huileng Tan
@HUILENG_TAN
SHARE
KEY POINTS
- Consumers in China are worried about further repercussions from the pandemic as it continues to spread globally. "We expect food stockpiling to continue especially in cities exposed to logistic disruption," said Kaho Yu, senior Asia risk analyst at Verisk Maplecroft, a consultancy.
- Likewise, China has been building up its crude oil stockpile, and went on a buying spree in the first quarter of this year, data show.
- The pandemic has underscored concerns about food and energy security in China.
A customer wearing face mask buys flour at a supermarket on May 12, 2020 in Taiyuan, Shanxi Province of China.
Zhang Yun | China News Service | Getty Images
China has been building up its food and energy stockpile this year, taking advantage of slumping crude oil prices even before the coronavirus pandemic disrupted supplies.
The world's second largest economy, which has limited arable land, is facing pressure to shore up its food supplies as prices for food started ticking higher last year, prior to the virus outbreak.
Lockdowns and movement restrictions aimed at containing the coronavirus have triggered transportation and logistics bottlenecks.
Those blockages have highlighted the vulnerability of global supply chains, and fears of food shortages have come to the forefront of countries, both in developed and emerging economies.
Fear is a powerful motivator. It's driving policy in China currently. Fits well with those hardliners that want to rebuild food reserves.
Arlan Suderman
CHIEF COMMODITIES ECONOMIST AT INTL FCSTONE
Consumers in China are worried about further repercussions from the pandemic as it continues to spread globally.
"People there (in China) are panicked that coronavirus will eventually shut down the world's ports, making it impossible for them to import," said Arlan Suderman, chief commodities economist for INTL FCStone in a tweet on Monday. "As such, they are hoarding supplies now while they are cheap and available."
"Fear is a powerful motivator. It's driving policy in China currently. Fits well with those hardliners that want to rebuild food reserves," he added.
Food prices surge
China is the world's largest consumer of pork, a staple protein for the country.
In the first four months of the year, meat imports in China rose 82% compared to a year ago. These include pork, beef and poultry.
"We expect food stockpiling to continue especially in cities exposed to logistic disruption. The confluence of expected food price increases alongside an economic contraction and rising unemployment will push up the risk of civil unrest," said Kaho Yu, senior Asia risk analyst at Verisk Maplecroft, a consultancy.
Already, food inflation in the country has been ticking higher.
Last Tuesday, China announced that food prices rose 14.8% in April from a year ago. Even though it was lower than the 18% increase in March, it was still at a high level.
Pork prices rose almost 97% in April in what has been a persistent trend since early 2019 due to the African swine fever epidemic in pigs that decimated China's hog herds.
In comparison, non-food prices rose just 0.4% in April, official government data showed.
Soybean supplies are particularly vulnerable to supply shocks as China, the top importer of the commodity, needs the oilseed to make animal feed and cooking oil.
In April, China's soybean imports fell12% from a year earlier, customs data showed, due to bad weather causing the delay of cargoes from top supplier Brazil.
As for rice, China is the world's largest producer of the staple grain with most of its supplies being consumed domestically.
Even so, concerns about food security of the staple grain have led to panic buying and spurred the state to acquire more stocks from the market for its national reserve.
In April, Chinese authorities assured the population that it was stepping up state buying of rice and that there were enough stocks, state news agency Xinhua reported.
"We expect China to continue stockpiling crops to ensure sufficient supply over the next six months by scouring the globe for available supplies," said Yu in a recent report.
The consultancy puts China in its "high risk" category in terms of food import security, which means that its food imports risk being subjected to disruption.
Crude oil reserve building
Likewise, China has been building up its crude oil stockpile, and went on a buying spree in the first quarter of this year, data show.
Although crude oil imports fell in Aprilcompared to a year ago, they still rose from March. But analysts say limited storage facilities could put a cap on imports.
China is expected to continue importing crude to fill its reserves taking advantage of lower oil prices.
Lei Sun
SENIOR CONSULTANT AT WOOD MACKENZIE
"Major crude oil importers such as China have been known to build their strategic reserves when prices are low, as seen in previous oil price routs," Lei Sun, senior consultant at Wood Mackenzie, said in a March report. "China is expected to continue importing crude to fill its reserves taking advantage of lower oil prices."
However, the country has less room to import than it did in the last two years, due to limitations in storage capacity, he said.
As supply lines continue to be disrupted due to the coronavirus outbreak, Yu at Verisk Maplecroft said he expects Beijing to double down on building more storage capacity, on top of energy development at home.
"Energy is also core to the country's economic engine. Throughout the pandemic, Beijing has been prioritising maintaining a stable coal supply with an eye on power generation for industrial activities," said Yu. "We also expect Beijing to speed up the resumption of large scale energy infrastructure projects."
https://www.google.com/amp/s/www.cn...-coronavirus-spurs-fears-about-shortages.html
Han Patriot
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ECONOMY
China stocks up food and oil as coronavirus spurs fears about shortages
PUBLISHED TUE, MAY 19 2020 9:39 PM EDT
Huileng Tan
@HUILENG_TAN
SHARE
KEY POINTS
- Consumers in China are worried about further repercussions from the pandemic as it continues to spread globally. "We expect food stockpiling to continue especially in cities exposed to logistic disruption," said Kaho Yu, senior Asia risk analyst at Verisk Maplecroft, a consultancy.
- Likewise, China has been building up its crude oil stockpile, and went on a buying spree in the first quarter of this year, data show.
- The pandemic has underscored concerns about food and energy security in China.
A customer wearing face mask buys flour at a supermarket on May 12, 2020 in Taiyuan, Shanxi Province of China.
Zhang Yun | China News Service | Getty Images
China has been building up its food and energy stockpile this year, taking advantage of slumping crude oil prices even before the coronavirus pandemic disrupted supplies.
The world's second largest economy, which has limited arable land, is facing pressure to shore up its food supplies as prices for food started ticking higher last year, prior to the virus outbreak.
Lockdowns and movement restrictions aimed at containing the coronavirus have triggered transportation and logistics bottlenecks.
Those blockages have highlighted the vulnerability of global supply chains, and fears of food shortages have come to the forefront of countries, both in developed and emerging economies.
Fear is a powerful motivator. It's driving policy in China currently. Fits well with those hardliners that want to rebuild food reserves.
Arlan Suderman
CHIEF COMMODITIES ECONOMIST AT INTL FCSTONE
Consumers in China are worried about further repercussions from the pandemic as it continues to spread globally.
"People there (in China) are panicked that coronavirus will eventually shut down the world's ports, making it impossible for them to import," said Arlan Suderman, chief commodities economist for INTL FCStone in a tweet on Monday. "As such, they are hoarding supplies now while they are cheap and available."
"Fear is a powerful motivator. It's driving policy in China currently. Fits well with those hardliners that want to rebuild food reserves," he added.
Food prices surge
China is the world's largest consumer of pork, a staple protein for the country.
In the first four months of the year, meat imports in China rose 82% compared to a year ago. These include pork, beef and poultry.
"We expect food stockpiling to continue especially in cities exposed to logistic disruption. The confluence of expected food price increases alongside an economic contraction and rising unemployment will push up the risk of civil unrest," said Kaho Yu, senior Asia risk analyst at Verisk Maplecroft, a consultancy.
Already, food inflation in the country has been ticking higher.
Last Tuesday, China announced that food prices rose 14.8% in April from a year ago. Even though it was lower than the 18% increase in March, it was still at a high level.
Pork prices rose almost 97% in April in what has been a persistent trend since early 2019 due to the African swine fever epidemic in pigs that decimated China's hog herds.
In comparison, non-food prices rose just 0.4% in April, official government data showed.
Soybean supplies are particularly vulnerable to supply shocks as China, the top importer of the commodity, needs the oilseed to make animal feed and cooking oil.
In April, China's soybean imports fell12% from a year earlier, customs data showed, due to bad weather causing the delay of cargoes from top supplier Brazil.
As for rice, China is the world's largest producer of the staple grain with most of its supplies being consumed domestically.
Even so, concerns about food security of the staple grain have led to panic buying and spurred the state to acquire more stocks from the market for its national reserve.
In April, Chinese authorities assured the population that it was stepping up state buying of rice and that there were enough stocks, state news agency Xinhua reported.
"We expect China to continue stockpiling crops to ensure sufficient supply over the next six months by scouring the globe for available supplies," said Yu in a recent report.
The consultancy puts China in its "high risk" category in terms of food import security, which means that its food imports risk being subjected to disruption.
Crude oil reserve building
Likewise, China has been building up its crude oil stockpile, and went on a buying spree in the first quarter of this year, data show.
Although crude oil imports fell in Aprilcompared to a year ago, they still rose from March. But analysts say limited storage facilities could put a cap on imports.
China is expected to continue importing crude to fill its reserves taking advantage of lower oil prices.
Lei Sun
SENIOR CONSULTANT AT WOOD MACKENZIE
"Major crude oil importers such as China have been known to build their strategic reserves when prices are low, as seen in previous oil price routs," Lei Sun, senior consultant at Wood Mackenzie, said in a March report. "China is expected to continue importing crude to fill its reserves taking advantage of lower oil prices."
However, the country has less room to import than it did in the last two years, due to limitations in storage capacity, he said.
As supply lines continue to be disrupted due to the coronavirus outbreak, Yu at Verisk Maplecroft said he expects Beijing to double down on building more storage capacity, on top of energy development at home.
"Energy is also core to the country's economic engine. Throughout the pandemic, Beijing has been prioritising maintaining a stable coal supply with an eye on power generation for industrial activities," said Yu. "We also expect Beijing to speed up the resumption of large scale energy infrastructure projects."
https://www.google.com/amp/s/www.cn...-coronavirus-spurs-fears-about-shortages.html
China is gonna collapse my friend. We are so stupid to buy oil when it's 20$ a barrel we should be idle like Vietnam. We also shouldn't buy soybeans to expand pork production when Brazilian beans are so cheap, we should stay idle. We are also stupid to have 1 yaer of grain reserves.
Viva_Viet
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Yeah.u should not buy Brazilian or US beans cos they r GM beans that destroy ur immunity system.
Thats why CN suffering second wave Covid attack now
Han Patriot
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Yup exactly, but Vietnam pigs eat GM beans too. Are you mutating? LolYeah.u should not buy Brazilian or US beans cos they r GM beans that destroy ur immunity system.
Thats why CN suffering second wave Covid attack now
Viva_Viet
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Thats why our pig also suffer swine flu and die all. Only pigs that eat traditional VN pig food still survive and still be healthy to eat now.
And we also eat fish sauce, not soy sauce like Cnese. Thats also help us avoid the immunity system problem
Han Patriot
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But but I seen so many soysauce in Vietnam pho shops. Majority of pigs eat soymeal in Vietnam, no? So majority of Viets should have been mutated by your logic? LolThats why our pig also suffer swine flu and die all. Only pigs that eat traditional VN pig food still survive and still be healthy to eat now.
And we also eat fish sauce, not soy sauce like Cnese. Thats also help us avoid the immunity system problem
Viva_Viet
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After swine flu, then no more soybeans for pig. They eat grind fish-rice-cassava-potato-Vietnam corn ( not US corn) now.
Google trans food for pig if u care
https://nongnghiep.farmvina.com/thuc-an-nuoi-heo/
For Pho shop using soy sauce, I never use soysauce when eating Pho, and we may put a little soy only while Cnese use soysauce in every meal.
Han Patriot
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Ooo OK... But what about those previous meat you ate? Did it cause you to mutate?
Viva_Viet
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We have stronger immunity system than any races. So when we stop eating pig using US-Brazil GM beans, then our immunity system recover quickly.
While Han race naturally have a very bad immunity system thousand years ago ( CN army sufferred rampant diseases every times invading VN), eating nonstop GM food even make ur immunity system get much worse. Thats why CN is suffering second wave covid now
Han Patriot
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But you did eat those GM meat. So what is the effect? Did you become smarter? More ah Q? LolWe have stronger immunity system than any races. So when we stop eating pig using US-Brazil GM beans, then our immunity system recover quickly.
While Han race naturally have a very bad immunity system thousand years ago ( CN army sufferred rampant diseases every times invading VN), eating nonstop GM food even make ur immunity system get much worse. Thats why CN is suffering second wave covid now
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