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: 久久成人国产精品免费软件| 免费jjzz在线播放国产| 性满足久久久久久久久| 在线播放免费播放av片| 一级毛片在线不卡直接观看| 日本免费一区二区三区最新| 亚洲AV无码专区国产乱码电影| 欧美日韩国产综合草草 | 国产精品久久久久9999高清| 99re免费99re在线视频手机版| 婷婷社区五月天| 中文午夜乱理片无码| 日日婷婷夜日日天干| 久久狠狠高潮亚洲精品| 校花小冉黑人系列小说| 亚洲国产精品一区二区久久| 欧美视频在线观看免费最新| 亲密爱人完整版在线观看韩剧| 粉嫩被粗大进进出出视频| 午夜爽爽爽男女污污污网站| 日本亚洲色大成网站www久久| 亚洲二区在线视频| 欧美日韩一区二区三| 亚洲欧美精品一中文字幕| 波多野结衣系列电影在线观看| 免费中文字幕不卡视频| 精品久久久无码中文字幕边打电话| 国产无套粉嫩白浆在线| 俄罗斯激情女同互慰在线| 国产精品成在线观看| 4444www免费看| 国产精品黄页免费高清在线观看 | 美女尿口免费影视app| 国产一区二区三区内射高清| 被义子侵犯的漂亮人妻中字 | 一个色综合导航| 性xxxxx护士第一次| 中文人妻无码一区二区三区| 成年女人免费视频播放77777| 中文字幕在线免费看| 扒开腿狂躁女人爽出白浆|