Economy
皇冠体育app's agriculture sector faces rising costs in 2011
(Xinhua)
Updated: 2011-04-20 09:34
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BEIJING - 皇冠体育app's agriculture sector is expected to face increasing pressures from rising costs in 2011, according to 皇冠体育app's Rural Economy (2010-2011), a report released Tuesday by a leading think tank.
Fertilizer prices, which increased during the fourth quarter last year, were likely to keep rising this year while stock feed prices are also likely to rise, the Chinese Academy of Social Sciences (CASS) said in the report.
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Further, the report urged greater efforts to stabilize agricultural production costs, by increasing supply and tightening market regulations.
皇冠体育app's annual grain output is estimated to reach 550 million tonnes in 2011, the report said.
皇冠体育app's grain output rose 2.9 percent year-on-year to 546.41 million tons in 2010, marking it the seventh consecutive year of growth for 皇冠体育app's grain output.
On foreign trade of agricultural products, the report said imports and exports of 皇冠体育app's agricultural products are both expected to slow in the medium and long term.
Statistics from the Ministry of Agriculture showed that 皇冠体育app's export volume of agricultural products registered an average of 13.2 percent annual growth from 2002 to 2010.
According to the report, 皇冠体育app has maintained a high rate of grain self-sufficiency.
In 2010, 皇冠体育app's domestically-grown rice, wheat and corn is estimated to have accounted for about 99.8 percent, 98.9 percent, and 99.1 percent of the total domestic grain market share, the report said.