'Food will cost more' due to US drought
<p><span word="Download">Download</span></p><p><span word="The">The</span> <span word="US">US</span> <span word="drought">drought</span> <span word="will">will</span> <span word="not">not</span> <span word="endanger">endanger</span> <span word="domestic">domestic</span> <span word="food">food</span> <span word="security">security</span>, <span word="but">but</span> <span word="it">it</span> <span word="is">is</span> <span word="almost">almost</span> <span word="certain">certain</span> <span word="to">to</span> <span word="result">result</span> <span word="in">in</span> <span word="costlier">costlier</span> <span word="cooking">cooking</span> <span word="oil">oil</span> <span word="and">and</span> <span word="pork">pork</span>, <span word="experts">experts</span> <span word="said">said</span>.</p><p><span word="The">The</span> <span word="drought">drought</span>, <span word="the">the</span> <span word="worst">worst</span> <span word="in">in</span> <span word="more">more</span> <span word="than">than</span> 50 <span word="years">years</span>, <span word="will">will</span> <span word="affect">affect</span> <span word="China">China</span> <span word="but">but</span> <span word="not">not</span> <span word="to">to</span> <span word="the">the</span> <span word="extent">extent</span> <span word="that">that</span> <span word="basic">basic</span> <span word="food">food</span> <span word="supplies">supplies</span> <span word="are">are</span> <span word="threatened">threatened</span>, <span word="said">said</span> <span word="Zhai">Zhai</span> <span word="Jianglin">Jianglin</span>, <span word="vice">vice</span>-<span word="president">president</span> <span word="of">of</span> <span word="the">the</span> <span word="Academy">Academy</span> <span word="of">of</span> <span word="Science">Science</span> <span word="and">and</span> <span word="Technology">Technology</span> <span word="at">at</span> <span word="the">the</span> <span word="State">State</span> <span word="Administration">Administration</span> <span word="of">of</span> <span word="Grain">Grain</span>.</p><p><span word="There">There</span> <span word="is">is</span> <span word="no">no</span> <span word="indication">indication</span> <span word="of">of</span> <span word="any">any</span> <span word="need">need</span> <span word="for">for</span> <span word="the">the</span> <span word="government">government</span> <span word="to">to</span> <span word="stabilize">stabilize</span> <span word="the">the</span> <span word="market">market</span> <span word="with">with</span> <span word="strategic">strategic</span> <span word="reserves">reserves</span> <span word="of">of</span> <span word="oil">oil</span>-<span word="bearing">bearing</span> <span word="grains">grains</span>, <span word="he">he</span> <span word="said">said</span>. <span word="But">But</span> <span word="he">he</span> <span word="declined">declined</span> <span word="to">to</span> <span word="comment">comment</span> <span word="on">on</span> <span word="whether">whether</span> <span word="Beijing">Beijing</span> <span word="will">will</span> <span word="use">use</span> <span word="reserves">reserves</span> <span word="in">in</span> <span word="the">the</span> <span word="following">following</span> <span word="months">months</span>.</p><p><span word="Price">Price</span> <span word="hikes">hikes</span> <span word="for">for</span> <span word="soybean">soybean</span> <span word="and">and</span> <span word="corn">corn</span> <span word="in">in</span> <span word="the">the</span> <span word="international">international</span> <span word="markets">markets</span> <span word="will">will</span> <span word="affect">affect</span> <span word="domestic">domestic</span> <span word="prices">prices</span> <span word="because">because</span> <span word="of">of</span> <span word="imports">imports</span>.</p><p><span word="But">But</span> "<span word="for">for</span> <span word="other">other</span> <span word="grains">grains</span>, <span word="such">such</span> <span word="as">as</span> <span word="rice">rice</span> <span word="and">and</span> <span word="wheat">wheat</span>, <span word="China">China</span> <span word="has">has</span> <span word="sufficient">sufficient</span> <span word="domestic">domestic</span> <span word="supplies">supplies</span> <span word="and">and</span> <span word="will">will</span> <span word="not">not</span> <span word="easily">easily</span> <span word="be">be</span> <span word="affected">affected</span>," <span word="he">he</span> <span word="said">said</span>.</p><p><span word="Zhang">Zhang</span> <span word="Zhongjun">Zhongjun</span>, <span word="assistant">assistant</span> <span word="representative">representative</span> <span word="of">of</span> <span word="the">the</span> <span word="UN">UN</span> <span word="Food">Food</span> <span word="and">and</span> <span word="Agriculture">Agriculture</span> <span word="Organization">Organization</span> <span word="in">in</span> <span word="China">China</span>, <span word="said">said</span> <span word="imports">imports</span> <span word="account">account</span> <span word="for">for</span> <span word="about">about</span> 80 <span word="percent">percent</span> <span word="of">of</span> <span word="the">the</span> <span word="country">country</span>'<span word="s">s</span> <span word="soybean">soybean</span> <span word="supplies">supplies</span>.</p><p><span word="But">But</span>, <span word="Zhang">Zhang</span> <span word="added">added</span>, <span word="domestic">domestic</span> <span word="grain">grain</span> <span word="supplies">supplies</span> <span word="are">are</span> <span word="adequate">adequate</span> <span word="and">and</span> <span word="there">there</span> <span word="is">is</span> <span word="even">even</span> <span word="a">a</span> <span word="substantial">substantial</span> <span word="reserve">reserve</span> <span word="program">program</span>.</p><p><span word="While">While</span> <span word="corn">corn</span> <span word="prices">prices</span> <span word="will">will</span> <span word="rise">rise</span>, <span word="China">China</span> <span word="imports">imports</span> <span word="just">just</span> 5 <span word="percent">percent</span> <span word="of">of</span> <span word="its">its</span> <span word="supplies">supplies</span>, <span word="said">said</span> <span word="Wang">Wang</span> <span word="Ruiyuan">Ruiyuan</span>, <span word="vice">vice</span>-<span word="president">president</span> <span word="of">of</span> <span word="the">the</span> <span word="Chinese">Chinese</span> <span word="Cereals">Cereals</span> <span word="and">and</span> <span word="Oils">Oils</span> <span word="Association">Association</span>.</p><p><span word="Huang">Huang</span> <span word="Guiheng">Guiheng</span>, <span word="manager">manager</span> <span word="of">of</span> <span word="Bric">Bric</span> <span word="Global">Global</span> <span word="Agricultural">Agricultural</span> <span word="Consultants">Consultants</span>, <span word="added">added</span> <span word="that">that</span> <span word="the">the</span> <span word="US">US</span> <span word="drought">drought</span> <span word="has">has</span> <span word="already">already</span> <span word="driven">driven</span> <span word="up">up</span> <span word="domestic">domestic</span> <span word="soybean">soybean</span> <span word="prices">prices</span> <span word="significantly">significantly</span>, <span word="as">as</span> <span word="half">half</span> <span word="of">of</span> <span word="China">China</span>'<span word="s">s</span> <span word="annual">annual</span> <span word="soybean">soybean</span> <span word="imports">imports</span> <span word="are">are</span> <span word="from">from</span> <span word="the">the</span> <span word="US">US</span>.</p>
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