China hoards over half the world’s grain | Their actions are what one would expect to see in advance of a complete collapse in the global supply chain and food supply

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China has not been subtle about stockpiling as much of everything as they can get their hands on over the last year and change.

Their actions are what one would expect to see in advance of a complete collapse in the global supply chain and food supply.

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China hoards over half the world’s grain, pushing up global prices

Less than 20% of the world’s population has managed to stockpile more than half of the globe’s maize and other grains, leading to steep price increases across the planet and dropping more countries into famine.

The hoarding is taking place in China.

COFCO Group, a major Chinese state-owned food processor, runs one of China’s largest food stockpiling bases, at the port of Dalian, in the northeastern part of the country. It stores beans and grains gathered from home and abroad in 310 huge silos. From there, the calories make their way throughout China via rail and sea.

China is maintaining its food stockpiles at a “historically high level,” Qin Yuyun, head of grain reserves at the National Food and Strategic Reserves Administration, told reporters in November. “Our wheat stockpiles can meet demand for one and a half years. There is no problem whatsoever about the supply of food.”

#China


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