:. Food Industry News


China Cotton, Rice, & Corn Import Quotas Stay Same in 2009

Source: Reuters
14/10/2008

Shanghai, Oct 14 - China issued 2009 low-tariff import quotas for cotton at 894,000 tonnes, unchanged from this year, the National Development and Reform Commission (NDRC) said on Monday.

Daily News Alerts

China is the world's largest producer and consumer of cotton. It imported 1.6 million tonnes of cotton in the first eight months of this year, according to official customs data.

China's upcoming cotton harvest will hold steady at last year's record level of 8 million tonnes, but a shortage remains due to a slowdown in the growth of textile production and exports, leaving room for imports.

Cotton imports within quota are subject to a 1 percent import tariff. If exports exceed the quota, the tariffs would vary and could be as high as 40 percent.

The NDRC, the country's top economic planning body, also issued 2009 low-tariff import quotas for wheat at 9.6 million tonnes, for corn at 7.2 million tonnes and for rice at 5.3 million tonnes.

Those numbers are unchanged from the quotas for 2008.

In the first eight months of the year, China imported just 7,908 tonnes of wheat, 15,288 tonnes of corn and 240,361 tonnes of rice, the official data shows.

A bumper wheat harvest means most of the quotas will not be utilised.

End-users can apply for the quotas from Oct. 15 to Oct. 30, the NDRC statement said.



GO   View more articles on this subject


More Alerts from 14/10/2008


Email This Article To A Colleague     Print A Copy Of This Page
 
 
 
 
FLEXNEWS - Business News for the Food Industry

About Us | Contact Us | Terms & Conditions | Privacy Policy
 
Daily News Alerts
Related Items
Chinese Rice, Sugar and Corn Exports Slump in Q1 2009
China Restricts Flour Exports as Food Prices Rise
China to Cancel Tax Rebates on Some Grains Exports...
China: Import Tariff Quotas on Rice to be Maintained...
Europe Denounces Protectionism, Frets Over Asia
China Shall Expand Rice Bran Oil to Address Shortages
China to Issue 2010 Sugar, Wool Import Quotas
China to Issue 2010 Quotas for Wheat, Corn, Rice and...
Manila Kicks Off 2010 Rice Buys Early After Typhoon
Junior Explorers May Lure Top Farming Nations

More in Food Industry News
Procter & Gamble Repurchasing Shares, Quiet on...
US Shoppers Going Green Despite Struggling Economy
Wessanen Sells Liberty Richter to World Finer Foods
Cheesecake Factory Sticks to 2010 Forecast
Brenntag Changes 2.5 Bln Euro Loan to Allow IPO
European Commission Refers Greece to ECJ over Unjustified...
JM Smucker's Quarterly Net Income Increases 172%
Ferrero, Hershey Would Likely Break up Cadbury
Indonesia's Astra Agro Revises Up CPO Forecast
Cocoa Supplier Olam to Benefit from Consolidation Among...

Top Headlines
Procter & Gamble Repurchasing Shares, Quiet on...
US Shoppers Going Green Despite Struggling Economy
Wessanen Sells Liberty Richter to World Finer Foods
Cheesecake Factory Sticks to 2010 Forecast
European Commission Refers Greece to ECJ over Unjustified...
JM Smucker's Quarterly Net Income Increases 172%
Cocoa Supplier Olam to Benefit from Consolidation Among...
Avebe and National Starch Food Innovation to Expand...
Auchan Backs Hypermarkets as Rivals Rethink
Ferrero Could Eye Cadbury Gum, Candy Unit
Dole Food Posts Wider Q3 Loss
Fonterra Sells Stake in UK Joint Venture to Arla
Imperial Sugar Company Closes Three-Way Joint Venture...
PepsiCo to Invest $100 Million in Egypt in 2010
Ex-Parmalat Auditors Settle US Investor Lawsuit
Tesco in Broadband Push as Reaches Beyond Groceries
India Sugar Protest Forces Parliament to Shut
Kerry Group Keeps Full Year Earnings Growth Forecast
Nestle Professional to Acquire Vitality Foodservice
Pinnacle Foods Acquires Birds Eye Foods for USD 1.3...
DSM Makes Great Strides in Production Processes for...
Russian Grocer X5 Plans Higher 2010 Capex
Brazil: Laep in Talks to Sell Dairy Plant to Nestle
SunOpta Announces Opening of Natural and Organic Sesame...
Products Comprising, and Uses of, Decarboxylated Phenolic...
Process for the Preparation of Packaged Heat-Preserved...


 


FLEXNEWS 2009 - All rights reserved
ISSN 1950-6228