Price swings in agricultural products to be monitored
Prices of products like garlic and mung beans hit the roof in the first few months of the year as bad weather crimped supplies and led to rampant speculation. Subsequently the government intervened and prices have now more or less returned to normal levels. Though the new moves will help check speculation and hoarding, inflationary pressures will still persist, economists said. "The government intends to keep tabs on the prices, trading volumes and inventories of the goods that have an impact on day-to-day life," said Xu Kunlin, director-general of the pricing supervision department of the NDRC. The government will come out with rules to punish violators and also incorporate suitable warning mechanisms, he said, without indicating any time frame for the measures. At the same time there will also be steps to regulate the e-commerce market, considered a major platform for speculative trading, Xu said. In fact, the government has already made a start in this direction and controlled the prices of garlic and mung beans by imposing fines of up to 1 million yuan on the violators. The average prices of mung beans and garlic were around 13.5 yuan and 8.2 yuan per kilogram in late June, down 30 and 12 percent respectively over the prices early this year. "By signaling its intention to keep prices under control, the government has shown that it intends to address the speculation issue seriously," Xu said. He, however, declined to comment on whether the government will be able to achieve the 3 percent consumer price index target. The government's confidence that it will keep the prices of these goods under control also stems from the good harvest of summer grains. China's summer grain output this year stood at 123 million tons, close to last year's level of 123.3 million tons. Though the overall output decreased slightly, the yield of winter wheat, which matures in the summer, increased by about 1 million tons to 108.5 million tons, compared to last year. Ding Shengjun, a researcher at the Academy of State Administration of Grain, expressed confidence that the good summer crop and timely government measures would keep prices under control and reduce inflationary pressures. About Author We are very professional supplier of selling Nike shoes such as Nike or more AirShox,AirMax,Air Jordan,Air Force 1 and so on, We offer grade A quality product only. Our products are authentic quality with original box.And all products displayed on our website are available and have stocks here. We offer very special prices to our customer (price depends on your quantity).Very fast and safety delivery by TNT, DHL OR EMS, we can delivery within 24 hours upon receiving your payment. It is very safe door to door service, never get problems with customs. If you have any questions, please feel free to contact us. We accept small orders! Thank you very much ! fail information, please kindly visit our website: www.footwearfile.com www.yannikeshoes.com www.pickfashion.com Disclaimer: Article submitters are solely responsible for the content of their articles. ArtiLib can't be held liable for the contents of the articles. Report Abuse | Browse By Category |
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