China Claims Enough Stock For Domestic Supplies

China’s National Development and Reform Commission  has announced that the surge in global rice prices has had a very limited impact on Chinese domestic prices because the country has sufficient stocks.

According to NDRC is China's top economic planning agency, China's annual rice consumption is between 180 million and 185 million MT while last year's rice harvest was around 185 million MT.

China took a series of policy measures this year to curb grain exports and encourage farmers to plant more rice amid high global prices. China's rice planting season starts from March and usually lasts until July.