Reports indicate that numerous industry officials have been arrested or had their online businesses shut down in recent months as punishment for their work, which if it were published would blow the lid on China’s below-average crop.
Analysts working in Beijing for the respected grain reporting firm Cofeed, for instance, have been arrested or put under house arrest for their efforts to tell the truth about China’s grain pricing. Another employee at a company called JCI, based out of Shanghai, was also arrested for the very same thing.
Because of China’s ongoing censorship and persecution campaign against truth-tellers, it is difficult to obtain honest information about the true state of Chinese agriculture, warns Andrew Whitelaw from Thomas Elder Markets.
“The market information out of China is so blatantly propaganda,” Whitelaw says. “The only way to find out is to have someone on the ground who you know is genuinely trustworthy.”
According to Whitelaw, it is harder than ever before to get accurate grain pricing information out of China, which suggests that things are not as dandy as the communist regime would have us all believe.
The first signs of trouble emerged back in April when both JCI and Cofeed stopped publishing data online.
“In the course of one night, probably a month or so ago, Cofeed just stop revising data and there were reports of police tape outside their offices,” Whitelaw says.
Whitelaw further says that based on information he has seen online, the head of JCI is currently “in prison [while] the head of Cofeed, apparently is in house arrest or in jail as well.”
China lying about failing crops to keep import prices artificially low
Nick Crundall, a senior strategist from the Australian firm Market Check, believes that Chinese authorities are desperately trying to keep a lid on the situation in order to allay domestic fears about supply, as well as limit the amount it has to pay for imported grains.
“They don’t want the whole world to know that they need grain and they are in a bit of strife so they very closely regulate the information that is released,” he is quoted as saying.
Speculation about Chinese crop problems has the potential to be a major driver for world prices, but also serious implications domestically for the Chinese Communist Party (CCP), which wants to save face through any means possible.
“It creates all sorts of food inflation problems and them having to pay more for imported grain,” Crundall says. “So the Chinese are very strict on going out there telling the world there are no issues.”
Whitelaw believes that certain signals from the CCP suggest that Chinese authorities are either nervous about their own harvest or are unsure about their supply of grain and corn.
“They’ve said they’ve had a record harvest but they’re importing record amounts of corn, they’ve put options for corn from the US and they’re buying Australian wheat,” he says.
“China’s gone from importing 6 million tons or less corn and that’s up to 25 million tons. You just don’t import things if you don’t need to … Australia is not going to import kangaroo meat anytime soon because we have got plenty.”
“The price of bread doubles and you have got riots on the streets because food prices are too high,” Whitelaw says about where this is all headed if China is hiding grain shortages.
“Someone famously said every country is only four meals away from anarchy.”
More related news about communist Chinese lies can be found at Deception.news.
Sources for this article include: