China grains up, but it will not help global supplies
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As grain stocks are depleted across the world, China's food
producers have found sourcing the commodity an increasingly
expensive and time consuming issue, writes Simon Pitman.
However, a report from independent intelligence provider Access
Asia indicates that an increase in domestic grain crops this year
is leading to both domestic freight problems and a loss of orders
for grain exporters to the country. But if a recent FAO report is
anything to go by, global supplies will not be impacted by the
increased fortunes of China's grain producers.