Print This Page Email This Page
Grain Prices in Q4 2006 Up 4.15% Over Previous Year

China's grain prices went up 4.15 percent in the fourth quarter last year, year on year, to average 1.56 yuan per kilogram, according to the latest report from the National Bureau of Statistics (NBS) Monday.

 

Grain prices dropped by 1.43 and 0.24 percent in the first two quarters, and then surged 3.14 in the third quarter.

 

Producer goods hikes have been linked to the grain price hike, the report said.

 

The government has pursued its minimum purchase price policy to strengthen control of grain production, including wheat for the first time in 2006.

 

The price of wheat went up 2.1 percent year on year in the fourth quarter. Soybean prices went up 2.1 percent and corn was up 7.5 percent, said the report.

 

The grain price hike also contributed to a 1.4-percentage-pointgrowth in the price of farm produce, which surged by 5.54 percent in the fourth quarter.

 

(Xinhua News Agency February 6, 2007)


Related Stories
- Gov't Increases Subsidies to Grain Growers
- Grain Prices Start to Level off in China
- 13.5 Bln kg of Grain Reserve Sold to Stabilize Prices

Print This Page Email This Page
'Tomorrow Plan' Helps Disabled Orphans
First Chinese Volunteers Head for South America
East China City Suspends Controversial Chemical Project Amid Pollution Fears
Second-hand Smoke a 'Killer at Large'
Private Capital Flows to Developing Countries Hit New Record in 2006
Survey: Most of China's Disabled Not Financially Independent


Product Directory
China Search
Country Search
Hot Buys