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China food imports to boost world trade-UN
June 6, 2013, 9:36 am

According to the UN, China is on track to achieve the UN's Millennium Development Goal of reducing poverty and hunger by 50 percent by 2015.[Xinhua]

According to the UN, China is on track to achieve the UN’s Millennium Development Goal of reducing poverty and hunger by 50 percent by 2015 [Xinhua Images]

China food imports will account for majority of global trade according to a new report by OECD and the UN food agency.

Imports of oilseed are expected to rise by 40% in the next decade, accounting for 59 pe rcent of global trade.

China will remain largely self-sufficient in primary food crops, though output will slow in the next decade under increasing resource and rural labour constraints, according to a new forecast by two international agencies.

“China’s consumption growth will slightly outpace its production growth by some 0.3 per cent per annum, similar to the trend of the previous decade,” the two groups said.

According to the UN, China is on track to achieve the UN’s Millennium Development Goal of reducing poverty and hunger by 50 per cent by 2015.

China will import more oilseed and livestock, for both meat and dairy sectors, as consumption growth will outpace production during the 2013-2022 period, the Organization for Economic Cooperation and Development (OECD) and the Food and Agriculture Organisation (FAO) said in a joint report released here on Thursday.

Dairy imports are projected to rise 20 percent, according to the OECD-FAO Agricultural Outlook 2013-2022.

The report also forecasts that India will take China’s spot as the world’s largest cotton producer in the next decade.

The Director-General of the UN food agency FAO said Monday that China has saved almost 100 million people from hunger, a reduction of 37.6 per cent over the past two decades.

Source: Agencies

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