China will gradually let the market decide grain and other major crop prices in a move away from the government-set price levels that have driven up cheap imports of commodities including sugar, rice and corn, the China Economic Times reported.

China’s agricultural price incentives triggered traders to import large volumes of these crops over the past two years, and in 2012 its sugar imports hit a record high. Corn and rice imports this year are also likely to set new records.

Michael Boddington from Asian Agribusiness Consulting (AAC) has been involved in agribusiness in Asia since 2000. AAC has office both in Vietnam Ho Chi Minh City and China Beijing. So AAC has a thorough understanding of the Viet Nam and China aqua industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email  michael@boddingtonconsulting.com 

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