Process Management

News 209 views last update:6 Aug 2012

China Ag ministry: more grain in 2008

China's grain output in 2008 is expected to surpass the 500 billion kilograms recorded for 2007, the official China Securities Journal reported, citing the agriculture minister Sun Zhengcai.

Sun said the agricultural products market is currently in balance due to output growth in recent years and large reserves.

"Farm produce prices are reasonable and controllable," Sun added. Premier Wen Jiabao has said that barring natural disasters, China will have a steady supply of grain. "China's grain output grew four consecutive years to 500 billion kilograms in 2007, and we are confident the country can maintain a stable supply this year.

The central government promised to spend 562.5 billion yuan (€52 billion) this year to support farmers, 130.7 billion yuan (€12 billion) more than in 2007.

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