More than 30 farm ministers and deputy ministers took part in an emergency meeting in Rome on Oct. 16 organized by the U.N. Food and Agriculture Organization to discuss the soaring prices of wheat, corn, soy beans and other grains. It is regrettable that major grain exporters Russia and the Unites States, and major grain importer China did not send ministers to the meeting.
But it is said that the demand and supply situation in grain markets is not as tight as in 2008 when the world experienced a food crisis. It is important for each country to provide accurate information on food production and consumption and grain inventories to ensure transparency and prevent volatility in grain markets. Information on China’s food production and grain inventories lacks transparency. Beijing must make efforts to improve its statistics.
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