China Buying up Food as Nation Panics over Looming Shortages

High risk status for food import security drives Chinese food hoarding

China stocks up food and oil supplies as coronavirus spurs fears about shortages

“People there (in China) are panicked that coronavirus will eventually shut down the world’s ports, making it impossible for them to import,” said Arlan Suderman, chief commodities economist for INTL FCStone in a tweet on Monday. “As such, they are hoarding supplies now while they are cheap and available.”

The consultancy puts China in its “high risk” category in terms of food import security, which means that its food imports risk being subjected to disruption.

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