China's corn price will fall after entering WTO
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Last Update: 2001-10-08
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Source: Internet
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Author: User
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Introduction: Since China promised to list corn as tariff quota management commodity in the agreement of WTO accession, and the quota of imported corn in 2002 will reach 5-6 million tons Therefore, at the first national market outlook meeting of major agricultural products, experts predict that corn prices will decline after China's accession to WTO The main reasons are as follows: 1 After the WTO, China's current corn export subsidy policy will be cancelled, which will keep the price of China's export corn at a high level, and the import and export traders will never bear the loss of their own exports 2 The export quantity of China's corn in 2001 is estimated to be 10 million tons If China's corn can't be exported in 2002, plus 5 million tons of imported corn, the net increase of China's corn quantity will be 15 million tons, which is equivalent to 15% of China's annual corn output Such a huge impact will make the domestic corn price difficult to maintain the current level 3 The price of corn in China is high, and the import of corn is profitable Therefore, it can be predicted that the quota of 5 million tons of imported corn will be fully realized As Jilin Province is the main production area of corn in China, the impact of China's accession to the World Trade Organization on corn will be the biggest in Jilin Province (author:) share to feed Weibo share to:
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