综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

   

Edible oil auction to help ease holiday price hikes

By Wu Jiao (China Daily)
Updated: 2007-09-27 07:05

A total of 200,000 tons of edible oil reserves will be auctioned to curb price hikes during the week-long National Day holidays, officials have announced.

The move is the latest effort by food and price watchdogs to rein in inflation, which is largely driven by soaring grain, pork and edible oil prices.

The consumer price index, a key gauge of inflation, hit 6.5 percent last month, the highest in a decade. Edible oil prices rose about 30 percent.

"The auction will ease inflation and the market shortage," said Chen Lina, an analyst with Beijing Orient Agribusiness Consultant Ltd.

The auction - of 178,000 tons of soybean oil and 22,000 tons of rapeseed oil stored in reserve in 11 provinces - will take place simultaneously in Anhui, Tianjin and Guangdong, with online transactions permitted.

No company can buy more than 5,000 tons, the State Grain Administration said in a notice posted on its website on Tuesday.

But given the annual per capita edible oil consumption of 18 kg, experts said long-term incentives are needed to improve the bleak situation of soybean and rapeseed production, which has suffered constant declines due to low profit margins and competition from the global market.

The State Council issued guidelines on Monday to ease the situation.

According to the guidelines:

Oilseed production will be revived by offering subsidies and tightening controls over edible oil exports.

Soybean production acreage that enjoys subsidies will be expanded to 2.67 million hectares from 700,000 hectares.

Rapeseed farmers are entitled to 150 yuan ($19) subsidy per hectare.

By the end of 2010, oilseed production area will increase by 6 percent, and total production by 14 percent.

However, given the higher profit in wheat production, farmers might be reluctant to switch to rapeseeds, according to Chen.

Due to shrinking area and bad weather, rapeseed production is expected to drop by 5 percent from last year to hit 12 million tons; and soybean production to hit the lowest level in a decade at 14.4 million tons this year.

The State Council announced last week that the import duty on soybeans would be slashed from 3 percent to 1 percent to encourage oil production.

Last month, the government released pork reserves in the market to "ensure that the major food prices will remain stable during the rest of the year".



Related Stories  
Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
江门市| 原平市| 哈尔滨市| 凤山市| 方正县| 庆阳市| 绥滨县| 巢湖市| 阜阳市| 饶阳县| 苏州市| 扎兰屯市| 于田县| 纳雍县| 洪洞县| 南川市| 九江县| 忻城县| 府谷县| 威远县| 邢台县| 高密市| 张家川| 峨边| 台湾省| 金川县| 略阳县| 哈巴河县| 广宗县| 中宁县| 余干县| 沅陵县| 玉环县| 镇雄县| 新泰市| 玛多县| 正宁县| 阿克陶县| 抚松县| 玛曲县| 平顶山市|