Chinese citizens encouraged to stockpile food

[BA Deere]

Wonder what that will translate into.  

https://www.zerohedge.com/commodities/china-sparks-panic-buying-after-telling-households-stockpile-f...  

snip:

Temperatures across China are plunging, and the power crisis is worsening as demand for electricity generation ticks higher, straining coal supplies. However, on Tuesday, China National Radio quoted Vice Premier Han Zheng, who said coal-fired electricity generation should be normalized, which means power rationing across 20 provinces and regions making up more than 66% of the country's GDP should subside. 

Extreme weather in early October also destroyed crops in Shandong - the country's largest vegetable growing region - threatened to disrupt food supply chains. At the end of October, broccoli, cucumbers, and spinach prices more than doubled in weeks. 

The commerce ministry told local governments to purchase vegetables that can be stockpiled in state-owned freezers to provide adequate supplies if shortages develop. 

According to a state TV report late on Monday, China also plans to release vegetable reserves "at an appropriate time" to prevent soaring food inflation. 

The biggest problem with centralized governments is when they issue directives such as this one, people generally panic buy, sending prices of goods, such as vegetables, through the roof. 

All of this will reinforce our thesis, that we've laid out for the entire year that global food prices will remain at record highs. If this winter is exceptionally severe in the Northern Hemisphere, there could be worldwide shortages of certain farm goods. China is being proactive in supply chains management. 

So what does this mean for the average American - it's probably time to stockpile as well. 

[k-289]

State  owned   freezers ,  interesting  ,  and  whom  has  the  freezer  door  pa$$  code  -  ?  A  corporation  from  Brazil maybe  - ?  ? 

[Wind]

My son who runs an "on farm" vegetable stand said he never sold so many 50lb bags of potatoes before.

He told me people are "stocking up."  Last month I did find some thick sliced bacon for $2.98 a pound, 30lbs of it.  Should last awhile.  Stock piling broccoli, cukes, and spinach, will not be part of my game plan. 😃  Beans are still cheap for now.  Keep a cool head.  Go grocery shopping with your spouse sometime and observe whats out there.  Why is wheat so high?  Wheat=flour=lots of different food products.   Winter is coming.

Harvest is winding down around here.  Gas will start going on next week.  Had two back to back rain events that gave us around 4.5" of rain in Oct.  Tiles are starting to run.

My marketing plan is to sell most of my corn for $5 + and store the rest and hope for $6.  Soybeans, same thought pattern.  I will wait a great while for new crop sales.

Carry on. 

[k-289]

Just  In  Time  theory  ,  is  running  way  behind   -  -  -  

[sw363535]

Just gotta ask ........ Is it another dam failure story or just a regular energy failure story?

Or did they get our winter early.

Freezer space for a 1.5 Billion. or 1 billion after Covid..... Government owned and going to the commoners ......

That has got to be a story about ground piles in winter.

----------------------

But most likely a story meant to stimulate consumptive shopping in the US.... to help them get their shipping containers back home.  

Not gonna take up my freezer space with that list of greens,  I totally agree.....  Milk remains cheap and I'm stocking up on Black Walnut ice cream just in case things get real bad. 

I'm thinking they may be preparing for the fact that US buying habits have changed in fact.

[k-289]

If  you  run  low  on  beef ,  a  grocery  add  came  today  (  midwest chain )  prime rib roast  ''' 13.99 ''' lb.  - side note ,

'''''  we reserve the right to limit quantities '''''  - also  label  of  '''' choice  reserve ''''  - interesting  -   -   - 

[sw363535]

289 I don't know if there ever will be a better answer to the monopoly that is the animal protein market.  

No better answer than the monopolies that  are the fertilitizer, seed, pharmacy, grocery, government approved drug suppliers(health care and health destroyers),  etc etc etc.

That's actually sort of backward funny........ ''''  we reserve the right to limit quantities '''''   as if $14 a pound isn't going take care of that.   And last thought ---you know its ironic to use the words "choice reserve" in a market where we pride ourselves on being so fresh the refrigeration hasn't set in yet.   All US meat processing is in fact the cream of the "just in time" supplier.  Nothing is held in reserve.  That would take freezing cold not just the bloody pink soft it takes to convince the experts it is in fact...... Fresh.

We are a joke in process

[sdholloway56]

There are absolutely at least partial solutions to packer and N monopolies, and some others.

It is just that you have much more urgent political priorities.

[rickgthf]

... and I'm sure there are still some Chinese alive today who remember what starvation really looks like, and if they don't they just have to go across the border to North Korea to find out.  The Chinese government takes its responsibility to have enough food to feed their people far more seriously than the US government ever did.

  By the way, just the idea of feeding 1.4 billion people every day should scare anyone, Chinese or American.

Actually, it would be nice for a change for some Secretary of Agriculture to come out and say to the American people, "don't take your food supply so for granted, keep in the back of your mind, things could change, food might not be quite so plentiful and cheap as it has been for many years."

  You know, it wasn't that long ago, 1940 to be exact, that the corn yield was 31 bushel per acre and the 90 million acres was just enough, & none too much for 180 million people.

[erniebitne11]

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