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China softens food export ban on DPRK

Good Friends reports (via Yonhap) that China recently increased its yearly grain export quota to North Korea from 50,000 to 150,000 tons to help ease the DPRK’s food shortage.  China initially restricted food exports because of its rising domestic food prices.

North Korea’s corn imports from China rose 1,523 percent to 27,600 tons in February this year alone from the same period last year, according to statistics released recently by the Chinese authorities.

Read the full story here:
China softens food export ban to help alleviate N.K. food shortage: aid group
Yonhap
6/9/2008

This entry was posted on Monday, June 9th, 2008 at 8:51 pm and is filed under China, Food, Price liberalization, Trade Statistics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

4 Responses to “China softens food export ban on DPRK”

  1. North Korean Economy Watch » Blog Archive » Daily NK reports rice prices falling Says:
    June 29th, 2008 at 9:11 pm

    […] UPDATE: On June 9, a Good Freinds report was published in Yonhap which indicated China increased its quota o… […]

  2. North Korean Economy Watch » Blog Archive » Food shortage coping strategies Says:
    June 29th, 2008 at 9:13 pm

    […] 11. China increases food export quota […]

  3. North Korean Economy Watch » Blog Archive » When food and politics collide Says:
    June 29th, 2008 at 9:16 pm

    […] UPDATE 6/9/2008: China increases grain export quota to North Korea to 150,000 tons […]

  4. North Korean Economy Watch » Blog Archive » US food aid arrives in DPRK Says:
    June 30th, 2008 at 8:51 am

    […] the supply side, anticipation of this aid, plus Russian aid, and increased Chinese grain exports could be behind recent reports that grain prices are falling in North Korea’s […]

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