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BEIJING, June 16 (Reuters) – China ought to hold grain costs at cheap ranges and curb rising costs of agricultural supplies, the nation’s Premier Li Keqiang stated, amid rising scrutiny of surging uncooked materials prices.
Li, on a go to to northeastern Jilin province, a key corn producing area, stated now was a important time for grain manufacturing, and efficient measures must be taken to stabilise the worth of agricultural supplies, in keeping with a report on the federal government’s web site.
Costs of each urea, a fertiliser, and pesticides have jumped 9% within the first 10 days of June, knowledge from the Nationwide Bureau of Statistics confirmed on Tuesday.
China reported its highest producer worth inflation in additional than 12 years final week as a consequence of hovering commodity costs.
Beijing has additionally stepped up its deal with meals safety in the course of the pandemic and is concentrating on an even bigger corn crop this 12 months after costs of the grain hit report ranges in 2020.
China must also shield the fertile black soil within the northeast and domesticate extra superior grain varieties, Li added.
(Reporting by Colin Qian and Dominique Patton; Modifying by Andrew Heavens and Louise Heavens)
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