China’s agriculture and finance ministries issued a joint notice on Friday urging farmers to maximize China’s spring plowing season for wheat and soybeans from early April in a bid to ease an expected global shortage. food supply caused by Russia’s last war with Ukraine. world times reported.
Beijing’s recent decree encouraged local agricultural authorities to make an “all-out effort to guarantee the harvest of summer wheat and expand soybean planting by all means”.
The document lists specific objectives, including the “liberation [of] one-off subsidies to farmers to mitigate the impact of agricultural commodity price increases.
“Authorities will also offer subsidies to corn, soybean and rice producers, increasing the minimum purchase price of rice and wheat, as well as the establishment of planting subsidies for farmers who stimulate the cultivation of rice. corn and soy”, according to the world times.
China will consider an “all-out effort” to secure the summer wheat harvest and expand soybean plantations “by all means” amid the Russia-Ukraine conflict that threatens global food security. https://t.co/8Z4r8okKxe
— Global Times (@globaltimesnews) March 25, 2022
The advisory follows Russia’s latest war with Ukraine, which began on February 24. Observers have in recent weeks raised concerns that the war could jeopardize the world’s wheat supply, with Russia and Ukraine combined accounting for more than 30% of global wheat. Trade.
China’s March 25 agriculture statement “highlighted the Chinese government’s latest concrete effort to secure spring plowing of staple grains and a bumper harvest against the potential impact of geopolitical tensions,” according to the report. world times.
The Chinese government announced on February 24 that it had lifted all remaining wheat import restrictions imposed on Russia.
“Wheat from all producing regions of Russia will be cleared for export to China, provided it meets certain requirements,” the General Administration of Customs of China said at the time.
Russian wheat exports to China were subject to certain restrictions before February 24. Beijing had imposed restrictions on Russian wheat over fears of Moscow’s ability to prevent the transmission of dwarf bunt, a disease of agricultural crops.
“China will now accept wheat and barley from all over Russia, up from seven previously allowed regions that excluded major growing areas,” Rosselkhoznadzor, a supervisor at Russia’s agriculture ministry, said Feb. 4 after Moscow and Beijing negotiated the wheat export agreement for the first time. .
“China will no longer restrict grain trade to parts of Russia, raising the possibility of Russia sending large vessels via the main Black Sea export route,” Reuters reported. of the trade agreement on February 4.
Beijing announced it had finalized the deal releasing Russia from all remaining wheat import restrictions on February 24, the same day the US and UK imposed financial sanctions on Moscow in response to his invasion of Ukraine a few hours earlier.