日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

   

China scraps grain export tax rebates

By Diao Ying (China Daily)
Updated: 2007-12-18 09:04

 

Farmers sun-dry corn in Lianyungang, Jiangsu Province, October 18, 2007. China will scrap export tax rebates on major grains including wheat, corn and soybean as of December 20, 2007 to ease rising food prices by discouraging exports.  [newsphoto]

The government will scrap export tax rebates on major grains, its latest move to ease rising food prices and inflation.

Rebates will be dropped for grains including wheat, corn and soybean as well as their flour products, the Ministry of Finance said on its website.

The current 13 percent tax rebate will be removed as of Thursday, the ministry said.

The move is a bid to combat the nation's rising consumer prices. China's inflation rate reached 6.9 percent in November, the highest in 11 years. Food prices, which make up a third of the consumer basket, rose by 18.2 percent.

The government began selling State reserves of corn and wheat earlier this year to meet domestic demand and control prices. It will sell 500,000 tons of corn from its reserve today, after selling the same amount last week.

The government stopped corn and wheat exports in the second half of the year to meet domestic demand.

China is the world's largest grain consumer and also a net exporter of rice, wheat and corn. The nation exported 4.9 million tons of corn in the first 11 months of the year, a year-on-year increase of 85.3 percent. The rice export was 1.2 million tons in the same period, up by 7 percent, according to Customs figures released yesterday.

That's a small proportion of the world market and a reduced grain export from China will make little difference globally, according to analysts.

This year has seen a tight supply of grains and surging agricultural product prices worldwide. In September, the wheat price on the world market rose to over $400 a ton, the highest ever. Earlier this year the price of corn exceeded $175 a ton, also a record high.

The rise in food prices is partially driven by increased ethanol demand and poor crops in major production areas.

US wheat futures surged more than 3 percent yesterday and surpassed $10 a bushel for the first time as strong US export numbers and dwindling world supplies prompted funds and investors to rush to cover positions, Reuters said yesterday.

But the domestic supply of agricultural products remains steady. China's grain production is expected to top 500 million tons this year, increasing for four straight years since 2004, according to statistics from the Ministry of Agriculture.

China has reached a balance between grains supply and demand, according to Zeng Liying, vice-president of the State Grain Administration.

The State reserves have increased to record-high levels. "The harvest this year plus the rich reserves can fully meet the demands of the domestic market," Zeng said last week.


(For more biz stories, please visit Industry Updates)



主站蜘蛛池模板: 一区二区免费看 | 四虎影片国产精品8848 | 国产精品久久久久久亚洲调教 | 国产在线网站 | 性欧美tube 精品 | 日韩xxxx做受欧美 | 亚洲精品午夜在线观看 | 日日夜夜拍拍 | 羞羞操| 欧美非洲黑人性xxxx | 91短视频版官网 | 两性免费视频 | 毛片免费在线观看 | 精品成人久久久 | 久久精品国产久精国产 | 欧美一区二区三区四区夜夜大片 | 56av国产精品久久久久久久 | 成人免费视频网址 | 91在线观看网站 | 国产免费一区二区 | 日日夜夜天天 | 看一天影院宅急看在线观看 | 天天摸夜夜摸狠狠摸夜夜摸 | 日韩免费视频 | 免费人成在线播放 | 91在线直播 | 99国产在线精品视频 | 欧美成人一区二区三区 | 成人免费网站在线观看 | 亚洲综合在线视频 | 97视频免费播放观看在线视频 | 男女啪啪免费观看无遮挡动态图片 | 日本亚洲一区 | 中文字幕伊人久久网 | 五月天小说网 | 毛片啪啪啪 | 日本v片做爰免费视频网站 国产精品v欧美精品v日韩精品 | 91精品在线播放 | 亚洲精品乱码久久久久久花季 | 久久综合九色综合欧美狠狠 | 国产精品免费av |