December 30 — China posted a 28.7 percent year-on-year increase in the value of the foreign trade in agricultural products to $138.4 billion during the first 11 months, reports Securities Times, citing the Ministry of Agriculture.
Exports of agricultural products increased 24.2 percent year-on-year to $54.32 billion, while imports rose 31.8 percent to $84.08 billion. The trade deficit in this sector rose 48.2 percent year-on-year to $29.75 billion yuan.
During the first 11 months, corn imports fell by about 18.9 percent year on year to 4.46 million tons, while the import value totaled $1.68 billion, up 18.1 percent. Corn exports rose one percent year-on-year to 1.11 million tons, with the export value up 20 percent to $730 million.
Rice imports surged 86.3 percent year-on-year to 536,000 tons, while rice exports fell 17.3 percent to 458,000 tons.
During the same period, total sugar imports increased 47.8 percent year-on-year to 2.42 million tons, and the import value rose 96.6 percent to $1.65 billion.
The import value of edible oil seeds rose 21 percent year-on-year to $28.41 billion, while the export value increased 19.6 percent to $1.23 billion. The trade of edible oil seeds resulted in a deficit of $27.18 billion, up 21 percent from the same period in 2010.
Imports of edible vegetable oil increased 29.1 percent year-on-year to $8.01 billion, while exports of such products surged 71.9 percent to $200 million. The deficit from the trading of edible vegetable oil rose 28.3 percent year-on-year to $7.81 billion.
In addition, exports of vegetables rose 20 percent year-on-year, while fruit exports increased 30 percent.
Shares of Fujian Sunner Development (002299) rose 2.21 percent to close at 14.83 yuan today.
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