| China has a record-breaking stockpile of farm commodities that has been languishing in warehouses for years, declining in value. Officials are afraid to let the crops out, fearing the havoc they could cause if released. The towering stockpiles result from a numbers-based approach to food security and a declining trend in crop prices that officials were slow to understand.
To make this concrete, let's review how China created an unwanted stockpile of rice. Five years ago, Chinese officials were worried that farmers were producing only one crop of rice a year instead of two...............................................Full Article: Source
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