China is likely to adjust the long-term self-supply ratio target for food items, mainly wheat, rice and corn, the Chinese version of wallstreetcn.com reported Sunday, without citing any source. The broad ratio will be set at a floor of 80 percent, dropping the 95 percent red line that has been in place for quite some time, it said. According to the Economic Observer, authorities will, at a rural-work meeting on Monday, discuss the food security issue under the so-called No. 1 document that traditionally focuses on agriculture. The document may be published as soon as January, the report said.
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