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Last updated at: (Beijing Time) Thursday, February 06, 2003

Shanghai Eyes Agro-product Analysis Service

Shanghai, a leading farm produce consumer and trade center in east China, is considering setting upan analytical service with a warning role for the agricultural market.


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Shanghai, a leading farm produce consumer and trade center in east China, is considering setting upan analytical service with a warning role for the agricultural market.

Traders, market regulators and economic planners are all expected to benefit from market warnings.

The service will cover major farm produce and animal products on the local market, including vegetables, animal products, seafood, edible mushrooms, flowers and fruit, according to Dai Ping, director of the Shanghai Agricultural Information Center.

The service will have three major functions - data collection, market analysis and information release. A group of professional analysts working for it will produce periodic market analysis reports and give out timely warnings of sharp market fluctuations.

As well as a monthly market report for the local government, itwould also offer stable information analysis and a warning servicefor traders, Dai said.

Trade in farm produce from both China and abroad is now growingin Shanghai, according to a local agricultural official.

As part of its efforts to build itself into one of the most important farm produce trading hubs in China, Shanghai has recently launched an intermediary platform for the country's agricultural products to hook up to the international procurement network.


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