Experts predict that China's corn price will fall after entering WTO
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Last Update: 2001-09-10
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Source: Internet
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Author: User
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Introduction: In the agreement on China's accession to the WTO, China promised to list corn as a commodity under tariff quota management, and in 2002, China's quota for imported corn will reach 5-6 million tons Therefore, at the first national market outlook meeting for major agricultural products, experts predicted that corn prices would decline after China's accession to the world trade organization The main reasons are as follows: 1 After China's accession to the world trade organization, China's current export subsidy policy for corn 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 export losses themselves 2 China's corn export volume is expected to be 10 million tons in 2001 If China's corn can't be exported in 2002, plus 5 million tons of imported corn, then China's corn volume will increase by 15 million tons, which is equivalent to 15% of China's annual corn output Such a huge impact will make it difficult for China's corn price 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.
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