Home / Business / Food & Beverage Tools: Save | Print | E-mail | Most Read | Comment
Wheat crops wither in China but hope survives
Adjust font size:

China's grain prices are soaring as the worst dry spell in 50 years heightens fears of a poor harvest.

Wheat prices surged in the past two weeks in the wake of crop damage.

Wheat for March delivery at Zhengzhou Commodity Exchange (ZCE) peaked at 2,041 yuan (US$299) a tonne last Thursday, up by 6 percent on the Jan. 23 closing price, the last trading day before Spring Festival.

But reports of coming rains and major drought-relief operations will likely soften the impact of the environmental crisis on markets, researchers and analysts said.

"Wheat for March delivery at the ZCE went down by about 1.5 percent to 2,010 yuan a tonne today, compared to its peak price last Thursday," Zhang Yongjun, senior economist with the State Information Office, was quoted by Tuesday's China Daily as saying.

"The expectation of a grain crisis went down with the recent reports of rains in the drought-affected areas as well as China's 'all-out' efforts in drought relief," he said.

The drought has parched more than 40 percent of the nation's total wheat cropland, in the country's major bread-basket--northern and central China, according to the Ministry of Agriculture.

Large-scale irrigation efforts have partially reduced the size of the affected area.

"It's still too early to estimate the severity of the drought on the harvest," Zhang said.

When snowstorms first hit South China early last year, prices of rapeseed oil futures leapt, as most people expected a poor harvest.

But output was unusually high later that year.

Ma Wenfeng, a grain analyst at Beijing Orient Agri-business Consultant Ltd, believes that the drought may reduce the wheat harvest in summer by 2 to 5 percent, or 2 million to 5 million tonnes.

But the country's grain reserve is sufficient to cover the loss, according to Xu Xiaoqing, deputy chief of the department of agriculture at State Council Development and Research Center.

"Even if the extreme weather cuts China's grain production by half, the nation still has enough grain reserve to feed its people, "Xu said.

(Xinhua News Agency February 11, 2009)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- China warns of wheat disease epidemic
- Drought threatens China wheat production
- Wheat growers get 100 mln yuan to weather drought
- Wheat growers get US$14.6m to weather drought
- Drought affects 7.9 mln hectares of wheat farmland in China

Feb.14, Beijing China Macro-Economy Forecast Spring Annual Conference
Feb.22 - Feb.23, Shenzhen 21st Century China Capital Market Annual Conference
Feb.26 Shenzhen Time Weekly Marketing Awarding Ceremony

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
主站蜘蛛池模板: 日韩一区在线视频| 韩国理论福利片午夜| 日日操天天操夜夜操| 亚洲精品网站在线观看不卡无广告| 麻豆国产精品一二三在线观看| 女人是男人的未来1分29| 乱人伦中文视频在线| 皇夫被迫含玉势女尊高h| 国产成人精品免费视频大全麻豆| heyzo北条麻妃久久| 日本电影和嫒子同居日子| 亚洲第一成年免费网站| 色吊丝最新网站| 国产精品亚洲综合一区在线观看| 一级毛片国产**永久在线| 最新69堂国产成人精品视频| 人善交另类欧美重口另类| 金莲你下面好紧夹得我好爽| 国产超碰人人模人人爽人人添 | 波多野结衣一区2区3区| 国产不卡视频在线| 18禁美女黄网站色大片免费观看| 彩虹男gary网站| 久久精品国内一区二区三区| 波多野结衣上班| 国产123区在线视频观看| 日本尤物精品视频在线看| 天天操狠狠操夜夜操| 久久99精品久久久久久园产越南| 欧美式free群乱| 免费人成在线观看视频播放 | 怡红院亚洲色图| 久久精品久久精品| 欧美日韩欧美日韩| 免费激情视频网站| 视频一本大道香蕉久在线播放| 国产精品日日爱| jealousvue熟睡入侵中| 无码任你躁久久久久久| 亚洲av无码欧洲av无码网站| 波多野结衣种子网盘|