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

   
 

Govt to cut rebates on exports of edible oils

By Xin Zhiming (China Daily)
Updated: 2008-06-05 07:33

China is set to scrap the tax rebates on exports of vegetable oils from next Friday, which analysts said would help drive down domestic prices, although the effect would not be very "big".

The move applies to 36 varieties of vegetable oil products, including soy, peanut and sunflower oil, according to a Ministry of Finance statement on its website. It is aimed at dampening exports to ensure more domestic supplies and steady prices, analysts said.

"The scrapping of the tax rebates would have a downward pressure on domestic prices of vegetable oils," said Shen Chengnian, deputy general manager of Anhui Jincui Cooking Oil Trade Ltd Co.

Agreed Chen Lina, analyst with Beijing Orient Agribusiness Consulting Ltd: "The move will encourage exporters to shift to domestic sales and therefore help increase domestic supply."

But Shen said since the export volume of China's vegetable oils is quite limited, the policy would not have a very big impact on the market.

Last year, China exported 166,000 tons of vegetable oils, accounting for a tiny proportion of the country's total consumption of about 22.5 million tons. The exports are mainly non-genetically-altered soy oil and rapeseed oil that go to South Korea and Japan, said Shen.

Meanwhile, the domestic production falls well short of the domestic consumption, 60 percent of which is met by imports, which means domestic prices are to a large extent subject to the influence of international prices.

Moreover, China relies heavily on soybean imports to produce soy oil. Last year, China imported 30.8 million tons of soybean, about twice its domestic production.

Because of the decreasing stockpile and increasing demand, international prices of vegetable oils have been continuously rising since last year. Price of soybean has also been rising since last year, affecting domestic soybean and soy oil prices.

The country has taken a series of measures to stabilize domestic prices of cooking oil. Last July, it reduced tax rebates on export of some vegetable oils from 13 percent to 5 percent and last May it announced to temporarily cut import taxes by almost half.

Domestic prices of vegetable oils have been on the decline recently. Rapeseed and soy oil prices, for example, had fallen for 11 consecutive weeks by the end of May.

China is taking all-round measures to contain prices as inflation has been hovering around a 12-year high in recent months. The consumer price index, the key gauge of inflation, rose 8.5 percent in April, slightly lower than the 12-year peak of 8.7 percent in February. Economists expect the May inflation to fall to about 8 percent.



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: 日本久久香蕉一本一道 | 一级女人毛片 | 波多野结衣在线免费观看视频 | 国产国产人免费视频成69堂 | 综合国产 | 国产欧美一区二区久久 | 91精品国产一区二区三区左线 | 国产在线播放成人免费 | 国产男女在线观看 | 99热精品在线观看 | 国产精品色午夜视频免费看 | 色老久久精品偷偷鲁一区 | 欧美一级黄视频 | 手机看片日韩日韩 | 精品成人免费视频 | 久久精品视频99精品视频150 | 成年人在线观看视频免费 | 日韩成人毛片高清视频免费看 | 免费播放欧美毛片欧美aaaaa | 欧美三级视频在线观看 | 99久久免费观看 | 国产成人亚洲综合一区 | 亚洲人成网国产最新在线 | 在线观看精品视频一区二区三区 | 一区视频在线播放 | 欧美videos另类齐全 | 午夜国产亚洲精品一区 | 亚洲mm8成为人影院 亚洲m男在线中文字幕 | 国产精品情侣久久婷婷文字 | 中文字幕亚洲另类天堂 | 亚洲视频自拍 | 国产一级a毛片高清 | 久久这里有精品视频 | 欧美日韩亚洲综合久久久 | 成人精品一区二区不卡视频 | 久久草在线视频播放 | 一个色综合久久 | 一级午夜a毛片免费视频 | 亚欧毛片| 国产专区第一页 | 国产乱淫视频 |