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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (36961)	7/12/2008 7:09:21 PM
From: sonofhino	Read Replies (2) \| Respond to of 217557

I tend to agree with you, but i think the virus issue is real. techshout.com

To: TobagoJack who wrote (36961)	7/13/2008 1:47:30 AM
From: Haim R. Branisteanu	Respond to of 217557

China Trade Deficit In Ag Products Up 14-Fold - Xinhua (in other words,China behind present world wide skyrocketing food prices - asume that food demand from India and SE Asia have similar effect) BEIJING (AFP)--China registered a $7.57 billion trade deficit in agricultural products during the first five months of 2008, up by more than 14-fold over the same period last year, state press said Sunday. China imported $23.75 billion of agricultural products in that period, up 59% over last year, the official Xinhua news agency said, citing the agriculture ministry. The nation exported $16.18 billion of agricultural products during the period, up 12% over the first five months of 2007, it said. China has reacted to soaring global food prices by raising taxes on food exports this year by up to 25%. The nation has also cracked down on the smuggling of grain out of the nation, with world prices higher than domestic ones. Soaring food prices and their potential for social disruption have emerged as one of the key concerns facing China's stability-conscious ruling Communist Party, as it seeks to maintain a long-running economic expansion. China's inflation, led by rising food prices, reached 7.7% in May, easing from April's 8.5% but well above the government's full-year target of 4.8%. In the first five months of 2008, China's grain exports fell to 1.19 million tons, down 76% from a year earlier, while imports of cereals rose 14% to 911,000 tons, Xinhua said. Meanwhile, China imported $3.28 billion of animal by-products from January to May, up 36% over the first five months of 2007, and exported $1.64 billion of meats and other by-products during the period, up by 10% over the same period last year, it said. China also continued its dependency on global markets to fuel its demand for edible oils, importing 3.58 million tons during the first five months of the year, up 11.2% over last year, it said.