China's Economic Daily said recent warnings from Goldman, HSBC, BofA and JP
Morgan that overlapping risks could trigger a new round of food inflation have
spurred speculative flows: A-share agriculture/planting stocks jumped, several
listed seed firms hit daily limit-ups and grain ETFs rallied. The paper said
financial capital's speculation can amplify supply‑demand imbalances and
manufacture shortages through expectation management. It urged maintaining ample
food supply as the primary defense, noting a global trend toward stronger
domestic grain self-sufficiency. China continues its 'store grain in land and in
technology' strategy, reporting consecutive large harvests, abundant
inventories, basic grain self-sufficiency and absolute staple-food security.
