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Crude oil prices close at 30-month high

Crude oil futures rallied on the New York Mercantile Exchange Friday, settling up $1.38 at $108.10 per barrel, their highest since September 2008. Henry Hub natural gas finished off 0.051 cents to settle at $4.338 per million British thermal units. Gasoline settled up 0.0523 ...

China's CPI Rises 4.9% in Feb.

China's consumer price index (CPI), a main gauge of inflation, rose 4.9 percent year on year in February, the National Bureau of Statistics (NBS) announced Friday. The increase was the same as January's. China's January inflation figure remained stubbornly high at 4.9 percent ...

Ministry spokesman: Economy to keep dynamic

China's economy is safe from a "double-dip" slowdown in growth, a top economic planner said Wednesday, though he acknowledged challenges in keeping inflation under control and cutting back on excessive and wasteful investments. "First of all, you can say for sure that the Chinese ...

China's February consumer confidence rebounds on food price drop

BEIJING, March 9 (Xinhua) -- Chinese consumers' confidence slightly rebounded month on month in February on lower food prices and a shopping spree on non-daily essential goods during the Spring Festival holiday, according to an index reading released Wednesday. The Bankcard ...

Drought Impact on Grain Limited

Drought in China's major winter wheat producing areas has limited impact on grain output and prices are expected to remain stable, a senior agriculture official said Sunday. The drought has affected limited areas for crop production in China, Chen Xiwen, director of the Office ...

China able to keep inflation around 4%

China is capable of keeping inflation around 4 percent this year if the central government's plicies are well implemented, China's former chief statistician said on Tuesday. "The abundant supply of farm produce is key to curb inflation. We should take all necessary measures to ...

Trading of China's largest meat processor shares halted

Trading of shares in China's largest meat processor was suspended Wednesday after an illegal additive was allegedly found in meat products in an affiliate of the company. Shares of Shenzhen-listed Henan Shuanghui Investment & Development Co., Ltd. were suspended from being traded ...

Farmers Aim to Increase Grain Areas

After seven consecutive years of increased food production, Chinese farmers intend to increase the area of grain fields by 1.2 percent from the 2010 level, according to a national planting intention survey released by the Ministry of Agriculture. It would be the second-largest ...

Japan grain industry assesses impact

While imports of grain into Japan appear to have been curtailed by infrastructure disruptions in the wake of the natural and nuclear power disasters there, the full impact on the country s grain industry is still difficult to assess. It s too early to tell how this will unfold, ...

China remains safe as Japan crisis deepens

Beijing, Shanghai and other cities in China's eastern coast haven't found any traces of radioactive pollutants in the air, despite the northeastern province of Heilongjiang has been affected by very tiny amount of iodine-131 spilled over from Japan. However, the tiny amounts won...

China to launch one-year crackdown on contaminated pig feed

China's Ministry of Agriculture (MOA) said on Monday that the government would launch a one-year crackdown on illegal additives in pig feed which have proven to be toxic to humans. The announcement came after a subsidiary of Shuanghui Group, China's largest meat producer, was ...

MOC China's Food Prices Cooling

Prices of daily necessities have been cooling in China since the Spring Festival holiday ended about one month ago, the Ministry of Commerce (MOC) said on Monday. Compared with the Spring Festival holiday, wholesale prices of eggs fell by 14 percent, and prices of 26 major ...

President Hu: Force no solution to Libyan issue

President Hu Jintao called for an immediate ceasefire in Libya on Wednesday to prevent further civilian casualties and to "give peace a chance". He made the remarks during a meeting with his French counterpart Nicolas Sarkozy, whose country has championed the Western-led military ...

China Raises Bank Reserve Requirement Ratio by 50 Basis Points

The People's Bank of China (PBOC), China's central bank, announced Friday to raise the bank reserve requirement ratio by 50 basis points from March 25. The hike, the third this year and the ninth since the beginning of last year, is the latest move to soak up liquidity to check ...

China keeps close eye on possible pollutants from Japan

China's Health Ministry explained that the tiny amount of radioactive particles, blown by the wind from the crippled Japan nuclear reactors to China's northeastern Heilongjiang Province, is of trivial radiation, and won't pose any harm to people's health. The Ministry, based on ...

Obama vows to cut oil imports by one third

WASHINGTON, March 30 (Xinhua) -- U.S. President Barack Obama on Wednesday called for the country to reduce its oil imports by one third by 2025 to secure its energy supply in the future. "Today, I want to announce a new goal, one that is reasonable, one that is achievable, and ...

Fertilizer prices outpace crop futures

The price of fertilizers looks set to outstrip that of crops themselves, as farmer demand recovers worldwide at a time when China is hoarding its own production. UBS said that, among the major agricultural commodities, only soybeans remained on its "most favoured" list, ...

AgBank net profits rise 46 pct in 2010

Agricultural Bank of China, the nation's largest lender to farmers, said Tuesday its profits rose 46 percent from one year earlier in 2010 due to widened interest margins. Net profits climbed to 94.91 billion yuan (14.38 billion U.S. dollars), or 0.33 yuan a share, from 65 ...

Whole Grain stamp on 5,000 products worldwide

BOSTON, MASSACHUSETTS, U.S. The ubiquitous black-and-gold Whole Grain Stamp has reached a new milestone: It now appears on 5,000 products on grocery shelves around the world, the Whole Grains Council (WGC) announced on March 29. The number of products sporting the stamp, ...

U.S. corn, wheat plantings up, soybeans down

WASHINGTON, D.C., U.S. U.S. farmers intend to boost 2011 corn planted area by 5% and all wheat acreage by 8% but trim soybean area by 1% from 2010 levels, the U.S. Department of Agriculture (USDA) said in its annual Prospective Plantings report on March 31. Planted wheat area for ...
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