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China's Grain Price Will Not Be Affected by the International Grain Price
Writer Quincy   Origin:   Time:2009-07-24 09:08:14   Hits:369

Some data show that recently the price of the main grain varieties in the international market displays a downward trend because of the harvest this year. After many years' continuous harvest, China, the most populous country in the world, will its grain price be affected by the impact of the international grain price? The answer is no.

Chinese government always pays great attention on grain safety, and insists the grain-supply policy to keep the grain self-sufficiency above the 95% these years. Since 2004, the grain production has grown for 5 years. The total grain production reached 1057.4 billion catty and 800 catty per capita in 2008.

The production and demand of wheat, rice and corn is balanced and even richer, and the import and export of these 3varieties are limited, so the grain price of the domestic market is less affected by the international market.

In recent years, China has actively taken measures to strengthen the macro-control of the grain market, striven to maintain the basic stability of the grain prices, and finally got great achievements. Although the international grain prices got ups and downs last year, the domestic grain market kept basic stability in general, including some fluctuation, but much lower than those of the international market.

China's successful overcome of the international grain price fluctuation shows that the approaches taken by the central authority to keep the grain safety are effective. We can totally have still confidence to the basic stability of the domestic grain market.

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