Sino-report
Home Sign in Research report Data Center Industry News Custom Research About us
Research report:                          Automotive  |  Electronics  |  Mechanical&Automation  |  New Energy  |  Medical  |  Advanced Materials  |  Building Products  |  Transportation  |  Communication  |  Chemical  |  Finance  |  IT Industry  |  Food  |  Home Appliances  |  Forestry  |  Agriculture  |  Textile  |  Culture Industry  |  Consumer goods  |  Others  |
 Home > Industry News > Agriculture > Text
Heavy rains is likely to drive cost of agricultural products higher
Author:Sino-report    Source:China Daily    Number of clicks :     Update time:2011-06-22 10:05
Sino-report News Center Jun 2011

BEIJING - The torrential rains and flooding in China's southern provinces will have only a limited impact on rice production and will not threaten the country's food supply this year, experts and officials said on Tuesday.
But the rains and the previous drought are likely to reduce the yields of other agricultural commodities and send food prices soaring, putting fresh pressure on the country's stubbornly high inflation.
"Early rice may suffer because of the extreme weather this year," said Xu Xiaoqing, director of the department of rural economics at the Development Research Center (DRC) of the State Council.
"But it is still too early to see the extent of the impact on this year's early rice harvest," he said.
China had a record grain harvest of 546 million tons in 2010, the seventh consecutive yearly increase. Early rice accounts for no more than 30 million tons of the total grain production.
"China's grain supply for the market is unlikely to be affected by a loss of early rice production," said Fang Yan, deputy director general of the department of rural economy at the National Development and Reform Commission, China's top economic planner.
As long as the country can meet market demand, "such a small-scale reduction" is unlikely to cause any fluctuation in grain prices in the long term, she added.
In addition to early rice, the flood-hit provinces are also major growers of rapeseed and vegetables. The prices of fruit, vegetables and other agricultural products are likely to surge because of the disastrous weather, said Ma Wenfeng, a senior analyst at Beijing Orient Agribusiness Consultant Ltd, a major agricultural consulting company.
"The disaster will magnify inflation expectations in the market and make it more difficult for the government to curb inflation," Ma said.
China's consumer price index, the main gauge of inflation, rose to a record high of 5.5 percent in May, largely pushed by rising food prices, according to the National Bureau of Statistics.
As pressure mounts to rein in inflation, economists speculate that the People's Bank of China, the central bank, will raise interest rates next month for the fifth time since October.
The bank has raised the reserve requirement ratio each month since January.
Xu, from the DRC, said the government should introduce more measures to avoid bringing inflation down with a bump.
"Excessive tightening measures will hurt small and medium-sized companies and may even lead to economic stagnation," he said.
China has seen more and more extreme weather in recent years. In 2010, the southwestern provinces were struck by a severe drought, and winter wheat growing provinces in North China experienced unexpected cold.
This month, a rain-triggered flood, following a severe drought in the spring, hit provinces in downstream of the Yangtze River.
According to a statement released by the Ministry of Civil Affairs on Monday, 36.57 million people were affected by the disasters, and 1.64 million were displaced in 510 counties in 13 southern provinces.

Order Online
Contact Us
Tel: 400-988-9999
Fax:010-82889999
Phone :+8615313587056
Email:Sale@sino-report.com
Email:Cousult@sino-report.com
Online Consultation
MSN :Sino-report@hotmail.com
MSN :Sino-report@foxmail.com
Skype: Please Please
Latest Reports
  More>>
[Agriculture] Soybean farmers store crops amid hopes of higher prices
[Agriculture] Northwest A&F University establishes agriculture partnerships
[Agriculture] China to make agriculture sector greener
[Agriculture] China smart agricultural technology grows in UAE
[Agriculture] Seawater hybrid rice expected to be planted around China by 2020
Popular reports
  More>>
Soybean farmers store crops amid hopes of higher prices
China smart agricultural technology grows in UAE
Industry Data
  More>>
China opens market to Kenya's agricultural products
China's publishing industry booming over past 40 years
Industrial Production Operation in July 2018
Total Retail Sales of Consumer Goods in July 2018
National Real Estate Development and Sales in the First Seven Months of 2018
NSDP/SDDS for the People's Republic of China
Market Price of Important Means of Production in Circulation, July 01-10, 2018
In the first five months of 2018, the profits made by industrial enterprises above the designated siz
Purchasing Managers Index for June 2018
Market Price of Important Means of Production in Circulation, June 21-30, 2018
In global EV battery shipments during Jan - Apr 2018, LG Chem and Samsung SDI ranked 4th and 6th
Based on Jan - Apr shipment record, Kia Motors Remain on Top 10 in Global PHEV Power Brands Ranking
Consumer Prices for May 2018
Producer Prices for the Industrial Sector for May 2018
Industrial Production Operation in May 2018
Investment in Fixed Assets for the First Five Months of 2018
National Real Estate Development and Sales in the First Five months of 2018
Producer Prices for the Industrial Sector for April 2018
Stable Performance for the National Economy in April
Total Retail Sales of Consumer Goods in April 2018
Industrial Production Operation in April 2018
National Real Estate Development and Sales in the First four months of 2018
Sales Prices of Residential Buildings in 70 Medium and Large-sized Cities in April 2018
Industrial Profits Increased in the First Four Months of 2018
Industry News
  More>>
Iron and steel sector gains strength
China’s wines take center stage
Machinery manufacturing fair boosts Sino-Russian ties
Medical device manufacturers display their latest technology
Soybean farmers store crops amid hopes of higher prices
Tourism industry opening on agenda
Tech competition eases startups' access to China market
China's excavator sales grow 44.9% in October
China's solid waste imports continue to slump on tightened ban
Delivery orders jump 25.12% to 1.35b on Singles Day
Related Links
China smart agricultural technology grows in UAE
China's grain security should rely on domestic production

Sitemap       |       Join Us      |       Customer Service       |       About Sino-report
Copyright © 2011-2025 Sino-report Consult Inc.
Sino-report@hotmail.com    Postmaster@sino-report.com
No.18 Zhichun Road, Haidian District. Beijing 100089.China
Information and data contained in this site is for reference only pursuant to operate your own risk
Sino-report