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Author Topic: China Taxes Grain Exports In 2008  (Read 1782 times)
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menusux
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« on: January 02, 2008, 12:54:08 PM »

In addition to the costs of melamine/cyanuric acid and other testing for contaminants connected with the import of Chinese grain products, importers will be paying more for the products themselves:

http://www.forbes.com/markets/economy/2008/01/02/china-grain-quotas-markets-econ-cx_vk_0102markets03.html

Forbes January 2, 2008

China Further Curbs Grain Exports With Quota

"Three days ago, the Ministry of Finance announced that it would levy export taxes on 57 types of grain products in 2008. Among these, wheat and wheat products were taxed the most, by 20% and 25%, respectively. The rates for processed corn, rice and soybean products were standardized at 10%, while unprocessed corn, rice and soybeans were subject to a 5% tax each.

"The new export tax was enacted just a week or so after China scrapped a 13% export tax rebate for 84 agricultural products on Dec. 20."

http://www.canada.com/vancouversun/news/business/story.html?id=89455bee-58ef-4e76-a0f0-c7def4226c17

Vancouver Sun December 31, 2007

China taxes grain exports to curb rising food prices

"China, the world's biggest grain producer, will tax exports of wheat, corn and rice to increase domestic supply and control rising food prices.

"Exporters of wheat will start paying a 20-per-cent tax today, while the tax for corn and rice was set at five per cent, the finance ministry said in a statement on its website.

"The move may force importers of Chinese grains to seek supplies from other countries including the U.S., Canada, Brazil and Argentina. South Korea is the biggest buyer of Chinese corn.

"China already removed export tax rebates on a range of food commodities Dec. 20 as part of measures to secure domestic supply. The tax incentives on exports of crops including wheat, rice, soybeans, corn, barley and oats, as well as flour milled from these grains, were eliminated."

This is good news for us, because it appears to make the "cheap choice", China, more expensive; the result being that PFCs will purchase their ingredients from less questionable sources.
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straybaby
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« Reply #1 on: January 03, 2008, 12:53:02 AM »

awww, you mean they have to keep their crap and eat it themselves? i'm sure not too may folks in the US would have a prob with that . . . .

of course that prob means more GMOs for us, lol!~
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JJ
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« Reply #2 on: January 08, 2008, 01:10:03 PM »

straybaby yes more GMO's which when other countries want to import these grains will have to deal with it. So would that mean that all their food to be imported here would now for sure all contain GMO organisims that no one has done any type of long term health study on what these GMO's do to the human or the pet body? What a franken food nightmare this is going to be!
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May your troubles be less,
Your blessings be more,
And nothing but happiness
Come through your door
sharky
Guest
« Reply #3 on: January 14, 2008, 12:27:14 PM »

straybaby yes more GMO's which when other countries want to import these grains will have to deal with it. So would that mean that all their food to be imported here would now for sure all contain GMO organisims that no one has done any type of long term health study on what these GMO's do to the human or the pet body? What a franken food nightmare this is going to be!

Yeah GMOs are everywhere ... I  Cry with a bit of research and mom wonders why more and more I buy certified organic Roll Eyes
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