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

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

China stocks up food and oil supplies as coronavirus spurs fears about shortages
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China has been building up its food and energy stockpile this year, taking advantage of slumping crude oil prices even before the coronavirus pandemic disrupted supplies.

The world’s second largest economy, which has limited arable land, is facing pressure to shore up its food supplies as prices for food started ticking higher last year, prior to the virus outbreak.

To read more:
https://www.cnbc.com/2020/05/20/china-stocks-up-food-oil-as-coronavirus-spurs-fears-about-shortages.html?__source=iosappshare%7Cnet.whatsapp.WhatsApp.ShareExtension

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