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China's grain market remains stable amid global fluctuations (3)


08:21, August 23, 2012


Despite the favorable situation of China's grain market, some problems continue to threaten the country's food security, experts warned.

Xiong Guolin, the owner of a grain and oil company in Jiangxi Province, said, "We have heard that international grain prices are soaring, but we can hardly sell all of our grain."

Like Xiong, many small and medium-sized grain enterprises are facing difficulties, as cheaper rice imported from countries such as Vietnam and Pakistan have pinched their profits.

China's raising of the minimum purchasing price for grain has made many grain products more expensive than in many other countries.

From January to July, China imported 8.68 million tonnes of grains and grain powders, up 261 percent from the same period last year.

Li Guoxiang, a researcher with the Rural Development Institute of the Chinese Academy of Social Sciences, said grain imports should be dealt with in a more reasonable manner.

Properly importing grains helps stabilize domestic food prices, but excessive imports should be limited in order to protect domestic processing enterprises and farmers, Li said.

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