March 13, 2009
China government can keep grain prices stable as local stocks high
China doesn't foresee any problems in keeping domestic grains prices stable as the government has sufficient stocks in hand, said a senior government official Thursday (March 12).
Grain stocks at state-owned enterprises have risen sharply so far from a year earlier, and is much higher than a global safe-level reserve standard, said Vice Agricultural Minister Wei Chaoan at a news briefing on the sidelines of the annual session of the National People's Congress, China's legislature.
