The latest forecast made by two international agencies states that China will remain self-sufficient in the main food crops, despite the fact that the output will slowdown in the next ten years under increasing resource and rural labor constraints. More oilseed and livestock will be imported by China for meat, as well as dairy sectors.
The Organization for Economic Cooperation and Development and the Food and Agricultural Organization released a joint statement on Thursday, June 6, 2013, saying that the consumption growth will outpace production during the period from 2013 to 2022. China’s import of oilseed will most likely increase by 40 percent in the next ten years, which accounts for 59 percent of global trade and the dairy products are expected to increase by 20 percent.
The recent reports have also predicted that in the upcoming decade, crop and livestock products prices will rise due to slower production growth, as well as stronger demand. Moreover, other circumstances like increasing production costs, expansion of agricultural land, growing resource constraints and rising environmental pressures will add an additional pressure on agricultural production.
The production is expected to increase by 1.5 percent annually in the period, which is down from the annual growth of 2.1 percent between the year 2003 and 2012.
