Area
China (Mainland)
Commodity Group
Oilseeds, oils and meals
Commodity
Agricultural products
Date
01/05/2020
Policy Category
Production
Policy Instrument
Agricultural policy
Description
Announced that in 2020 it would develop and implement a response plan to ensure domestic food security amid the COVID-19 crisis, as well as set out a plan to secure the countrys food supplies in the medium-to-long term.
Notes
CHINA agricultural policy (COVID-19 related measures): The Government announced that in 2020 it would develop and implement a response plan to ensure domestic food security amid the COVID-19 crisis, while also setting out a plan to secure food supplies in the medium-to-long term. Measures envisaged under the medium term plan will be aimed at: i) stabilizing the area and output of major crops by providing incentives to key producing regions; ii) supporting the recovery in pig production; iii) raising the volume of domestic inventories and improving the management of public grain reserves; and iv) diversifying imports of major agricultural commodities and inputs. In the meantime, the Chinese Government urged both state-owned and private trading firms and food processors to step up procurement of grains, oilseeds and livestock products, with a view to secure agricultural supplies during the coronavirus pandemic. Reportedly, a possible second wave of global infections raised concerns about potential supply chains disruptions, for instance regarding the supply of soybeans and derived products from South America.
