October 16, 2008
Himfr.Com Analyzes 2009’s Grain and Cotton Import Tariff Quotas
BEIJING, Oct. 16 /Xinhua-PRNewswire/ -- Himfr.com, one of China's leading B2B search platforms with more than 30 B2B industry websites to its name, reports that 2009's grain ( http://www.cheaponsale.com/buy-rice_long_grain/ ) and cotton import tariff quotas will not change, but will remain the same as 2008. The wheat ( http://www.cheaponsale.com/buy-Red_Hard_Wheat/ ) import tariff quota is 9.6 million tons, or 90% of the proportion of state trading; maize's import tariff quota volume is 7.2 million tons, or 60% of the proportion of state trading; rice's ( http://www.cheaponsale.com/buy-jasmine_brown_rice/ ) import tariff quota volume is 5.3 million tons, or 50% of the proportion of state trading; and cotton's import tariff quotas volume is 0.89 million tons, or 33% of the proportion of state trading.
Himfr.com's market analyst said that the food import tariff quotas for the main varieties of basic food products necessary for self-sufficiency have not been used up in previous years. Among corn ( http://www.cheaponsale.com/buy-Corn_Gluten_Feed/ ), wheat ( http://www.cheaponsale.com/buy-Red_Hard_Wheat/ ) and rice, China only has a shortage of corn, but the annual average import volume is only several thousand tons. Going forward, any future food product imports will not be large-scale.
Furthermore, cotton import volume is lower this year than last year. China's textile and garment market recession, which has impacted cotton consumption, as a whole, will continue to reduce demand. So far this year, cotton prices are still declining.
It is reported that this year China will see a bumper cotton harvest. The total output of cotton will match last year's record of 80 million tons.
For more information, please contact: Himfr.com Room 610, Ximen commercial Building, 256 Xinhua Street Tong Zhou District, Beijing 100110 China Tel: +86-10-5211-8138 Email: [email protected]
CONTACT: Himfr.com, Room 610, Ximen commercial Building, 256 XinhuaStreet, Tong Zhou District, Beijing 100110 China