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.

In order to protect the domestic food ( http://www.cheaponsale.com/buy-chemical_food_grade/ ) market, maintain food security, and to stabilize prices, the state has adopted a variety of regulatory policies to reduce the export of main food products. At the same time, other main cereals' import volumes fell, with the exception of soybean. According to Customs data, in August of this year, China's imports of cereals and cereal powder totalled 11.7 million tons, an increase of 9.2% over the same period last year. However, wheat and rice ( http://www.cheaponsale.com/buy-jasmine_brown_rice/ ) imports have declined year-on-year.

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