In Missouri, World Grain reported that China has set higher grains and oilseeds production targets and increased its 2025 budget for storing agricultural commodities.
A Reuters report stated that China announced it would set a production target of about 700 million tons for 2025. This marks a higher goal compared to its 2024 target of 650 million tons, after a record harvest of 706.5 million tons last year.
China, the world’s largest importer of agricultural goods, brought in more than 157 million tons of grains and soybeans last year but is seeking to cut its heavy dependence on supplies that mostly come from Brazil and the United States, according to the report.
More on the story.
Category: Food & Agriculture
