Newsletter
Weather
Community
English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
China
World
Opinion
Business
Sci-Edu
Culture/Life
Sports
Photos
 Services
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 Search
 About China
- China at a glance
- China in brief 2004
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Ethnic minorities
- Selected Works of Deng Xiaoping
English websites of Chinese embassies




Home >> Business
UPDATED: 08:33, December 14, 2006
Chinese cabinet calls for grain supply to be maintained in wake of price hike
font size    

The Chinese cabinet has ordered local departments to ensure a sufficient supply of grain in face of rising grain prices.

A circular issued by the State Council stressed tighter monitoring of the market and price changes of grain products.

Figures from the National Bureau of Statistics (NBS) show that China's grain price increased by 4.7 percent in November, one percentage points higher than the rise in October.

The price increase is indicative of a recovery of farm produce prices after a decline in recent years and may help increase farmers' income, said the circular.

China's grain prices have been low for years, dampening farmers' enthusiasm to produce grain. But good harvests for three consecutive years and more attentive government policies have boosted the prices.

China's grain output is expected to reach at least 490 billion kilograms this year, compared to 484 billion kilograms in 2005.

Rising prices of grain products, although rebounding from a very low level, have alerted the government to possible panic in the market.

Measures should be taken to ensure the grain supply and maintain the price at a reasonable level so that the lives of low-income families are not affected, said the circular.

Priority should go to colleges, factories and mines as well as low-income urban residents, it said.

The circular called for strict implementation of subsidies for low-income urban residents and poor college students, and closer inspections of large-scale wholesale grain markets, supermarkets and markets of farm produces to prevent forestalling goods, price hikes and the sale of fake and substandard products.

Source: Xinhua


Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this


   Recommendation
- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News
- Commentary: Grain price rise should not bring panic to market

- Chinese premier eases worries over grain price hike

- Grain for food takes priority over biofuel

- China auctions more grain reserves to stabilize soaring prices

- More auctions of wheat held to ease demand and prices

Dic

Manufacturers, Exporters, Wholesalers - Global trade starts here.
Versions:
Copyright by People's Daily Online, all rights reserved