Popular Articles


BizChinaUpdate Newsletter
 

Email:

Full Name:

Advertisement
Advertisement
Advertisement
Home arrow News & Interviews arrow News April 2008 arrow No Rice Crisis in China, Says Government
No Rice Crisis in China, Says Government PDF Print E-mail
 

By Gary Bowerman, on 07-04-2008 13:29

Published in : The News, News April 2008


China has denied that, despite its rampant food price inflation, it will get caught up in the rice shortages and price hikes which are affecting much of Asia. The price of rice "is stable in China," according to the National Development and Reform Commission, while the Ministry of Commerce said the rice retail price has "seen a continual decline in the past week," according to state media.

 

Rice is a staple food for Chinese, but it only imports a small quantity "at the high-end market," Xinhua notes, although many supermarkets openly stock Thai and Vietnamese rice. "The amount of rice China imports from Thailand is very small, so the higher price won't affect the overall situation," state media quotes Li Chenggui from the Chinese Academy of Social Sciences.

Rice from Thailand and Vietnam, the world's major exporters, has seen a sharp price increase, causing turmoil on the global market. Rice shortages have been reported in many countries, with the cost of a tonne of medium-grade rice from Thailand more than doubling since the beginning of the year.




   

Keywords : Rice, Foods, Shortage, Inflation, Import, Vietnam, Thailand


Users' Comments  RSS feed comment
 

Average user rating

 


Add your comment
Name
Comment
 
Available characters: 600
 
   
   

No comment posted



mXcomment 1.0.9 © 2007-2010 - visualclinic.fr
License Creative Commons - Some rights reserved
< Prev   Next >
Advertisement
RSS - Subscribe to the BCU Feed

Member's Area Login

Members please login: