www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

   

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: 精品91自产拍在线 | 99视频精品全部 在线 | 欧美日韩美女 | 欧美一级大尺度毛片 | 日韩最新中文字幕 | 在线观看国产一级强片 | 亚洲人成影院午夜网站 | 日本免费一级视频 | 欧美成人专区 | 欧美多人三级级视频播放 | 在线视频第一页 | 欧美成人影院 | 免费成人毛片 | 欧美一级特黄aa大片在线观看免费 | 国产精品亚欧美一区二区三区 | 久9这里精品免费视频 | 久久久久久久综合色一本 | 日本免费不卡在线一区二区三区 | 免费观看成人www精品视频在线 | 九九爱精品 | 亚洲一区二区三区免费 | 欧美日韩精品一区二区免费看 | 在线免费一区 | 欧美日本韩国一区二区 | 国产激爽大片在线播放 | 国产一区二区三区美女在线观看 | 国产福利一区二区在线精品 | 精品热线九九精品视频 | 综合久久久久久 | 国产亚洲欧美一区 | 中文字幕日韩精品中文区 | 亚洲国产精品一区二区首页 | 一a一级片| 欧美一级片在线视频 | 日韩毛片欧美一级国产毛片 | 国产夫妇精品自在线 | 亚洲综合p| 九九免费精品视频在这里 | a级黄色毛片免费播放视频 a级精品九九九大片免费看 | 国产一级高清视频 | 亚洲精品综合一区在线 |