Friday, August 22, 2014   

Economic planner raises state purchasing prices for rice
(02-11 17:22)

China's top economic planner said Tuesday it would raise the minimum state purchasing prices for rice in major farming areas by up to 3.3 percent this year.
The state purchasing prices for early and mid-and-late indica rice will be raised to 2.7 yuan per kg and 2.76 yuan per kg, while that for japonica rice will be set at 3.1 yuan per kg, the National Development and Reform Commission (NDRC) said in an online statement, Xinhua news agency reports.
The move is aimed to "protect farmers' enthusiasm in growing grain and boost output," the NDRC said.
Ensuring food security remains one of the government's major priorities this year.
"Taking control of its own bowl is a fundamental principle the government must stick to over a long period of time," according to China's first policy document of 2014, which centers on rural reform.
Last year, China's grain output gained 2.1 percent year on year to hit 601.94 million tonnes, marking the 10th consecutive year for increased production.
However, despite the bumper harvest, analysts have cautioned of challenges China faces to meet the growing demand of its billion-plus population, including shrinking arable land amid the country's urbanization drive and land pollution due to excessive use of pesticides and fertilizers.
To ensure grain security, the Chinese government has pledged to speed up the transfer of rural land and offer more subsidies to family farms and farmers' cooperatives in an effort to develop large-scale farming.   
Other China breaking news:
Taiwan's ex-China affairs official denies spying claim (08-21 18:42)
'Cult' members tried for McDonald's killing (08-21 17:45)
China plans to expand visa-free scheme (08-21 16:53)
China likens Xi to Deng Xiaoping for anniversary (08-21 11:56)
Alleged cult members on trial for McDonald's killings (08-21 11:13)
Tibet puts 20-person limit on tour buses after fatal crashes (08-20 15:54)
China fines Japanese auto parts firms for monopoly (08-20 13:31)
China's latest bus fire kills 1, injures 19 (08-20 12:25)
Cult members arrested (08-19 18:59)
Five killed as Shaanxi building collapses (08-19 18:58)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.