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Home / Futures Blog / China aims to strengthen grain harvest in 2011

China aims to strengthen grain harvest in 2011

December 28, 2010 by Daniels Trading

As part of an effort to preserve the strength of its grain harvest, China will invest 200 billion yuan (more than $30 billion) next year on infrastructure projects, particularly those enhancing the nation's irrigation system, according to a published report.

The nation is devoting special attention to projects that minimize and prevent damage from drought and floods while also eyeing an upgrade of the water supply infrastructure in regions where agricultural production is high, according to Reuters, which cited a report from China Daily. Next year's allotment is 10 percent higher than this year's.

"Over the next 10 years, Chen said he hopes the country can double its current average annual investment in water conservation construction," the report said, citing water resources minister Chen Lei's statement to a government meeting.

China's central concern is the production of grain, according to the director of the rural work leading group for the Chinese government.

"We have to accelerate the construction of water conservation facilities as one of the key infrastructures the country needs to secure increasing grain production," Chen Xiwen said. "We must address issues arising from the country's rapid urbanization, which has consumed land that used to be used for farming."

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Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.

Trade recommendations and profit/loss calculations may not include commissions and fees. Please consult your broker for details based on your trading arrangement and commission setup.

You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any third-party trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.

Filed Under: Archived News

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Risk Disclosure

This material is conveyed as a solicitation for entering into a derivatives transaction.

This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.

Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.

Trade recommendations and profit/loss calculations may not include commissions and fees. Please consult your broker for details based on your trading arrangement and commission setup.

You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any third-party trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.

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