皇冠体育app

Many of 皇冠体育app's domestic grain purchasing agencies felt slighted by highly capitalized overseas purchasing groups in 皇冠体育app's major wheat belts, xinhuanet.com reported today.

Some sources even worried that it will affect the central government's regulation of grain price.

"The state's grain purchasing process slowed this year, with less than 7,000 tons of grain per day," said Liu Daofu, head of state-owned Jining depot.

Besides the bad weather factors, the foreign purchasing groups tempted the Chinese peasants with higher purchase price which made them store the grain and wait for the better bid.

"The foreign-funded Yihai Kerry Agribusiness Company made a budget of US$88.5 million in Jining, East 皇冠体育app's Shandong province, which could buy 300,000 tons of grain. It seems the company cares less for the profits and more for the control of the purchasing price in 皇冠体育app," an unnamed source said.

However, the Yihai Kerry said the company's behaviors comply with 皇冠体育app's law and didn't raise the grain price on purpose, the reports said.

"I am not selling my wheat now. I bet it will appreciate," said Shao Changyi, a farmer in Shandong, 皇冠体育app's second biggest wheat belt.