date:Jul 14, 2014
have also fueled persistent food and feed price inflation for consumers by keeping large portions of supply off the market.
Yet by committing to a market-based approach the Chinese authorities are risking introducing more volatility into the food production system rather than less, as farmers could well opt to cut back plantings of certain crops should market values slump below the cost of production, or produce too much of another crop if prices are attractive in the run-up to planting season