China is on track to slash its reliance on imported soybeans to less than 30 per cent within a decade, from the current 90 per cent, research from Goldman Sachs suggests, as Beijing accelerates efforts to shore up self-sufficiency – including inoculating its food supply against trade shocks.
Demand-management strategies for the crop – a vital source of cooking oil and animal feed, as well as a key commodity at the centre of Beijing’s trade relations with Washington – reduced annual consumption…
Original Article: https://www.scmp.com/economy/global-economy/article/3336111/chinas-food-security-push-slash-soy-imports-two-thirds-decade-goldman-sachs?utm_source=rss_feed
