China to face food supply pressures over next five years

CHINA will face pressures ensuring farm product supply meets demand over the next five years, the Shanghai Securities News reported today citing Chen Xiaohua, China's vice agricultural minister. Chen said in the five-year period from 2011 to 2015, China will annually consume an extra 4 million tons of grain, 800,000 tons of vegetable oil and 1 million tons of meat. To meet that increased demand, China will boost agricultural development during the 12th Five-year Plan (2011-2015) period with more policy support, Chen said. The government will provide more funding for agriculture and subsidize technology development for farmers, Chen added. The government will also enhance agricultural market regulation and boost farmers' income, Chen said. In 2010, China produced 546.4 million tons of grain, 39.2 million tons of cooking oil and 77.8 million tons of meat.

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