Top stories of the day: China Agro Commodities-Jan. 11
BEIJING, Jan 10, 2013 (Xinhua via COMTEX) --
1. China's agricultural commodities imports also rose
significantly last year boosted by bargain buying. Robust feed demand
also supported soybean imports.
The latest data from the General Administration of Customs
showed that the country's soybean imports hit a record high of 58.38
million tonnes in 2012, climbing 11.2 percent from the previous year,
while its edible oil imports surged 29 percent year on year to a new
high of 8.45 million tonnes.
Besides, its grain imports also soared 156.7 percent to 13.98
million tonnes last year but this import volume still only equals
about 2 percent of the country's annual grain output of around 550
2. Although clothing, books and home appliances have long been
popular items for online shoppers, more Chinese are now buying their
groceries online as well.
Sales of farm produce on Taobao.com and Tmall.com, two online
marketplaces owned by the Alibaba Group, totaled 19.8 billion yuan
(3.14 billion U.S. dollars) in 2012, according to a report on online
farm produce sales released by the group.
The marketing of farm produce through social networking
services is gaining momentum, industry insiders say.
3. China sold all of 500,293 tonnes of wheat from state
reserves at an auction on Thursday, according to the National Grain
and Oil Trade Center.
The Chinese government cumulatively sold out 1.19 million
tonnes of reserve wheat this week, accounting for 79 percent of the
1.5 million tonnes it planned to sell.
Industry insiders point out that ample state reserves will
ensure wheat supply and check prices from sharp rises.
(Edited by Liu Xiaoyun, email@example.com)
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