Chinese demand for food products set to rise: report

Chinese demand for food products set to rise: report

The growth of the Chinese middle class is one of several factors expected to create increased  demand for imported agricultural products such as cereals, vegetables and live animals, as well as processed foods including meat, fish and fruits, according to a new report from the Conference Board of Canada. The 72-page report, Chinese Demand: What’s Growing and Open to Canadian Companies, says China currently boasts one of the world’s fastest-growing economies, offering “tremendous trade and investment opportunities” for Canadian businesses in the goods and services sectors. “[The] Chinese middle class and its taste for things such as meat, quality seafood, grains and vegetables will likely continue to expand,” says report author Julie Ades. “Indeed, the gap in consumption between the low and higher-income earners and between rural and urban consumers suggests there is significant potential for the Chinese food market to expand as urbanization continues and the income level of the poor gradually increases.”……… Read

(Download the report….. pdf, 72 pages

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