Wednesday, March 17, 2010

Breaking News-Reuters Summit-China food security depends on policy choices

BEIJING, March 16 (Reuters) - China needs to reform grain prices and invest more in technology to ensure food security in the face of rapid urbanisation, an influential think-tank chief said in an interview.
"China's grain production is not a problem, the major concern is government policy -- policies in grain prices, agricultural science and technology investment, inputs and markets," Shenggen Fan, director general of the Washington-based International Food Policy Research Institute (IFPRI), said at the Reuters Food and Agriculture Summit.
Beijing has increased spending on seed development and the use of high-quality seeds in the past decade, giving the country plenty of potential to raise crop yields, Fan said.