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On February 1st, the Chinese authorities issued its first policy document for 2012, underscoring the importance of scientific and technological innovation for sustained agricultural growth. This is the ninth consecutive year the document has focused on rural problems. Based on abundant experience of serving Chinese agriculture, Mr Huang Dejun, general manager of BOABC shared his profound views.
Science and technology are significant to Chinese agriculture. There are certain important reasons for the No. 1 central document stressing on science and technology. Firstly, local governments have difficulty in budgeting enough for promoting techniques in rural areas. That has caused the loss of talented people. Secondly, the high total yield of agricultural products depends on the improvement of unit yield, in which science and technology play an important part. Also, the research institutions in China have weakness of transferring scientific and technological achievements. On this background, the document emphasized science and technology this year... |
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Food prices drop after Spring Festival
After Spring Festival, farm food prices start falling, including vegetables and meat, while prices for edible oil, rice and flour are stable. According to State Statistics Bureau, most food prices went up during 21-30, January. Especially the prices for certain vegetable varieties such as Chinese cabbages, celeries and cucumbers increase substantially. An analyst of BOABC said that although the food prices went up on January, the prices increase slower than the same period of last two years. That actually reflects the effect of tight monetary policy... |
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China’s soybean imports in 2011
China’s soybean imports registered 52.64 million MT in 2011, a drop of 3.9% from the previous year. Of the total, 36% were brought in by wholly foreign-owned companies, 24% by private companies, 20% by Sino-foreign joint-ventures and 18% by state-run companies, down 2%, up 4%, up 1% but down 3% respectively on the year-on-year basis... |
Domestic and international sugar prices in Jan. 2012
The international sugar price was on an upward turn in fluctuations in January 2012. The futures price for American 11# raw sugar for March delivery had been 24.21 US cents/pound till 27th January, down 0.60 US cents/pound from same period of December; the domestic price kept steady in January, the wholesale price for white granulated sugar in Nanning had been 6,630 yuan/ton till 27th January, up 80 yuan/ton from same period in December... |
Sulfur imports reduced consecutively for two years
China imported 9.524 million MT sulfur at an average price of $212/MT (CIF) in 2011, down 9.2% but up 60% respectively on the year-on-year basis. Sulfur imports receded consecutively for two years, a result of growing self-supply... |
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| | Media Focus more>> |
The Chinese authorities Wednesday issued its first policy document for 2012, underscoring the importance of scientific and technological innovation for sustained agricultural growth.The first policy document, issued by the central committee of the Communist Party of China and the State Council, the Cabinet, is the No. 1 central document. This is the ninth consecutive year the document has focused on rural problems.The eight former documents were as follows:--- The No. 1 central document issued on Jan. 29, 2011, took "accelerating development of water conservancy" as its theme...
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| | Monthly Key Research more>> |
Aquatic products industry is one of the earliest sectors that carried out market reform. At the beginning of the reform and opening up, from the fundamental national condition, China established the development guideline of giving priority to aquaculture, reforming operating and management system, adjusting industry structure, increasing infrastructure investment and enhancing resource conservation to walk out a development road of aquaculture that features Chinese characteristics. From 1978 to 2010, the total output of fishery industry has rose to 53.72 million tons, increasing 10.5 folds in China, at the same time the per capita consumption has grown to 39.2Kg, increasing 7.2 folds, which is twice of the global average level, realizing the historic shift from catching-focused aquaculture industry to breeding-focused...
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