久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

   

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
主站蜘蛛池模板: 亚洲线精品久久一区二区三区 | 亚洲一区日韩一区欧美一区a | 日本色网址 | 999热精品这里在线观看 | 99这里只有精品视频 | 亚洲精品国产成人 | 日本久久久久久久 | 毛片在线免费视频 | 免费国产黄网站在线观看视频 | 国产禁女女网站免费看 | 国产成人免费午夜性视频 | 99视频精品 | yellow中文字幕久久网 | 久久久久久综合对白国产 | 最近最新中文字幕免费的一页 | 国产成人无精品久久久 | 久久免视频 | 538prom精品视频在放免费 | 精品国产免费第一区二区三区日韩 | 91专区在线 | a毛片免费播放全部完整 | 欧美久久久久 | 国产成人久久精品二区三区牛 | 亚洲天堂网在线观看视频 | 91影视永久福利免费观看 | 成人做爰视频www片 成人做爰视频www视频 | 久久精品国产99国产 | 国产不卡a | 日韩最新中文字幕 | 一本久| 欧美成人影院免费观 | 国产成人永久免费视频 | 免费黄色毛片视频 | 鲁老汉精品视频在线观看 | 色综合天天综合网看在线影院 | 成人区视频 | 草免费视频 | 国产高清精品久久久久久久 | 欧美在线成人午夜网站 | 99九九视频| 久久免费视频在线观看30 |