China Proposes New Curbs on Grain Imports to Boost Local Prices.

China is proposing new restrictions on grain imports in an effort to support local prices and address oversupply. The country has asked domestic traders to buy less foreign grains, including barley and sorghum, and has summoned top importers for meetings. These measures could have a significant impact on farmers in top exporting countries like Australia and the US. China's economic slowdown and efforts to reduce the impact of global price fluctuations on domestic processors and consumers are driving these proposed restrictions. [Extracted from the article]