China may soon impose measures to protect its soybean industry, based on remarks from a leading figure in the country's agricultural production sector. A trade official at China’s Agriculture Ministry said it might be necessary to introduce anti-dumping tariffs and other measures to curb imports and protect domestic production. Pro Farmer’s First Thing Today reports trade officials in China have long talked about protecting China's agricultural industries, both to ensure food security and to alleviate poverty, which is most prominent in China's rural areas. However, one industry contact questioned the potential moves, questioning “they want to protect their domestic industry and their consumers?” Noting that import protection leads to higher prices, the source said the talk “sounds more like jawboning prices down further."
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