USEUROPEAFRICAASIA 中文双语Français
Home / Youth

Soybean output set to increase

By Li Jing | China Daily | Updated: 2008-09-04 07:40

Soybean output set to increase

The government will ramp up soybean production and guide development of the soybean processing industry to reduce reliance on imports, the National Development and Reform Commission (NDRC) said yesterday.

Last year, China imported 30.82 million tons of soybeans, accounting for 40.9 percent of the world's total soybean trade and pushing up the country's dependence on imports to 78.7 percent, according to a guideline for the soybean processing industry released yesterday by the NDRC.

Analysts said this heavy dependence on imports made the domestic grain market more vulnerable to international pricing volatility and contributed to the country's high CPI this year.

Soybean output set to increase

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US