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Article: CHINA'S FARMING TRADE DEFICIT EXPECTED TO GROW IN 2005.
- Article from:
- AsiaPulse News
- Article date:
- January 11, 2005
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BEIJING, Jan 11 Asia Pulse - China is expected to maintain a farming trade deficit in 2005, although its growth may be slow, according to agricultural trade analysts.
"Demand for imported wheat, corn, soybean and cotton is likely to remain strong this year, while exports will be little improved. This gives us reason to expect an agricultural trade deficit in 2005," said Liu Xiaohe, an agricultural economist with the Chinese Academy of Agricultural Sciences.
In 2004, China experienced an unprecedented deficit in agricultural trade. Ke Bingsheng, director of the Ministry of Agriculture's Research Centre for Rural Economy, estimated China's agricultural ...