China Grain Harvest Suspiciously Large

October 6, 2011

China is predicting a record grain harvest in 2011, the Vice Minister of Agriculture Chen Xiaohua announced last week.   The 550 million metric tons of grain would narrowly exceed last year’s record 547 MMT production, he said, adding it would be the eighth consecutive year of growth in agriculture.  High grain prices and government subsidies  encouraged farmers to grow more grain  government officials said.

Remarkably,  record grain production was achieved, despite severe drought in key rice and winter wheat growing areas... subscribers continue to full story...

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