China's grain prices went up
4.15 percent in the fourth quarter last year, year on year, to
average 1.56 yuan per kilogram, according to the latest report from
the National Bureau of Statistics (NBS) Monday.
Grain prices dropped by 1.43 and 0.24 percent in the
first two quarters, and then surged 3.14 in the third
quarter.
Producer goods hikes have been linked to the grain
price hike, the report said.
The government has pursued its minimum purchase price
policy to strengthen control of grain production, including wheat
for the first time in 2006.
The price of wheat went up 2.1 percent year on year in
the fourth quarter. Soybean prices went up 2.1 percent and corn was
up 7.5 percent, said the report.
The grain price hike also contributed to a
1.4-percentage-pointgrowth in the price of farm produce, which
surged by 5.54 percent in the fourth quarter.
(Xinhua News Agency February 6, 2007)
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