North China long drought is threatening the grain output of this year, the Chinese government could hit the disinflationary effort, and push the high global wheat prices. In the international market focus next, the Chinese government said yesterday will invest about 90 billion yuan (RMB, similarly hereinafter, about 17 million proterozoic) strengthen the irrigation and water conservancy facilities area, to stabilize the from all walks of life to China\’s grain production and price stability of faith.

Aiming at China and global wheat price movements, the UN food and agriculture organization report published on Tuesday, refers to north China drought is a potentially serious problem \”\”. The report finds that drought may lead to China\’s retail price is more wheat flour on January rising 8%, than the same period last year rose by 16%.

On the other hand, Chinese premier wen jiabao hosted the standing committee of state council yesterday, deploy further promote grain production policy measures.

According to the official xinhua news agency reported, wen jiabao said at the meeting warned that the current food production \”faces some difficulties and problems that nots allow to ignore. Hebei, henan, shandong provinces winter wheat grain production continues to develop, and, according to the prediction arid regions precipitation will continue to scarce, and major rivers water overall will continue to PianKu.

Grain rising costs, farmers grain, and profits down some places to grain production tendency, is China maintain stable increase in grain production difficulties.

10 of grain production support measures

Wen jiabao criticized China for seven years in grain yield, \”blind optimism grow somewhat, paralysis, laches tendency is somewhat burgeoning\”, the difficulties and challenges estimate shortage.

Meeting confirmed 10 study of wheat subsidies and other supporting measures of grain production.

Among them, the central financial arrangement beforehand agricultural machinery purchase subsidies 12 billion yuan, mainly for the purchase of winter wheat drought resistance of water-saving machine subsidies farmers.
North and central drought

Has lasted four or five months

The government will also in the early arrangement of 40 million yuan basis to arrange 20 billion yuan to reform arid regions large scale irrigation backbone project and construction of rural security drinking water project, according to the need will also construction drought-resistant emergency water and irrigation field engineering. Implementation of the above policy, the central arrange capital 67 billion yuan.

The meeting also decision, the government of the three rice offer this year increased about 10% to 20%.

So far, in northern and central across the drought has lasted four or five months. By official this month 8 statistics, crop sedimentation area 100m 12 million acres, than last week increased more than 3,400 million mu.

Due to the wheat yield arid regions of the national total more than 80%, the international market participants to the recent Chinese wheat underproduction with international food prices are likely to rise worrying.

Moody\’s subsidiary company Moody analysis (Moody \’s Analytics) economic analysts ChenZhiXiong yesterday published report puts forward, China this year might need to import significant component of wheat to compensate for the domestic production decrease.

In China, Russia\’s rare outside factors rainstorm, Argentina, Canadian drought dry weather and Australian flood also could lead to international wheat prices. On Tuesday, the United States wheat futures price is jacked up to 30 months to record highs.

However, there are analysts believe that drought to guide from China international food rises expected, belongs to the market hypes behavior. China has reserve wheat total 5300 tons, otherwise 35m tonnes of corn reserves and 47 million tons of rice reserves, this make sure the government has the ability in short, medium term regulating food supply, depressing prices pressures.

But international opinion also think, if China\’s agricultural infrastructure and productivity can significantly increased, as China becomes rich, demand for food improve, international food prices will always in various topics hype, face the risk of prices fluctuated violently.

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