--- SEARCH ---
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service
China Calendar

Hot Links
China Development Gateway
Chinese Embassies

Grain Price Falls

In the second quarter of 2005, China's grain price fell for the first time in recent years, which experts believe will reduce incomes in rural areas, the Beijing-based Economic Information Daily said on Friday.

Thanks to a 26.4-percent rise in the grain price last year, China's rural population per capita cash income increased 12.5 percent during the first half of 2005, Zhang Haiwang, an official with the National Bureau of Statistics (NBS) was quoted by the newspaper as saying.

The number of the migrating rural labor force grew at a slower pace this year, so the grain price drop will definitely affect the stable growth of farmer's income, Zhang said.

NBS statistics show that the market grain price suffered a year-on-year decrease of 1.7 percent in April, 1.6 percent in May and 1.1 percent in June.

The fall of grain prices also affected the consumer price, of which the food price makes one third. The first two quarters of 2005 witnessed a mere 2.3-percent rise in the consumer price, 1.3 percentage points lower than the same period last year.

Zhang suggests related sectors, particular state-owned grain companies, should buy more foodstuff to add to the storage at the bottom price set to protect the farmer's interests.

(Xinhua News Agency August 7, 2005)

Vice Premier Urges Support for Summer Harvest
Producing More Grain than China Needs
Chinese Premier: Grain Prices to Remain Stable
Farmers' Income Growth Likely to Slow
10 Bln Earmarked to Increase Yields
Print This Page
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688