08.01.2013 - China rice imports unsettle market
In the global rice market, a big and surprising buyer has emerged: China. For decades, China's booming rice production enabled it to sell far more rice than it bought. But the world's biggest consumer of the grain has become a major importer. In 2012, the country bought a record 2.6 million tons of milled rice, according to the U.S. Department of Agriculture. That was a sharp acceleration of a trend started in 2011, when China bought 575,000 tons. China had been a net importer of rice in just four of the previous 50 years...............................................Full Article: Source
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