China Food-Inflation Curbs May Not Hamper Imports, Goldman Says
By Whitney McFerron -
2010-12-01T18:21:22Z
China’s moves to curb food-price inflation may not “negatively impact” the country’s demand for grains and oilseeds, Goldman Sachs Group Inc. said today in a report.
Rising meat consumption will support prices for feed grains and soybeans as China’s economy expands in 2011 and 2012, Goldman said. Steps to increase domestic-crop production may not change “China’s large import needs” because urbanization limits farm expansion, the bank said.
To contact the reporter on this story: Whitney McFerron in Chicago at wmcferron1@bloomberg.net.
To contact the editor responsible for this story: Steve Stroth at sstroth@bloomberg.net
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