🇨🇳China has the largest food reserves: Beijing accelerated food purchases during the pandemic, when the first signs of a disruption in food supplies and rapid rise in world prices appeared
As a result, China, which is home to 20% of the world's population, managed to accumulate more than half of the world's reserves of corn and other grain crops. This has accelerated the rise in the cost of food in the world, said Nikkei Asia.
China is maintaining its food stocks at "historically high levels," Qin Yuyun, head of the grain reserves division at the National Food and Strategic Reserves Administration, told reporters in November.
"Our wheat stocks can meet demand within a year and a half. There are no problems with food supplies," the Chinese official said.
China spent $ 98.1 billion on overseas purchases of food (excluding drinks) in 2020, 4.6 times more than a decade ago, according to the General Administration of Customs of China. Between January and September 2021, China imported more food than it has had since 2016.
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