News Snapshot:
- by admin A showcase of goods at the Ukraine Import Pavilion in Shanghai, China, November 4, 2020, ahead of the China International Import Expo. Future Publishing | Future Publishing | Getty Images BEIJING — China’s emphasis on its own food production and security helps mitigate the impact of the Russia-Ukraine conflict on domestic food prices, analysts said. Notably, China is the world’s second-largest consumer of corn, but only 9.4% of domestic corn consumption in 2021 came from imports, according to Citi. Only 5.9% of China’s wheat consumption last year was imported, the report said. “The US-China trade disputes, the...
