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China May Need to Offer Grain Export Rebates, Researcher Say

 
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Chris Clukey



Joined: 23 Mar 2007
Posts: 65
Location: Freeport, IL
PostPosted: Nov 19, 2008 11:03 pm    Post subject: China May Need to Offer Grain Export Rebates, Researcher Say Reply with quote
By William Bi

Nov. 18 (Bloomberg) -- China may need to introduce rebates to boost grain shipments and ease a glut of wheat, rice and corn as a cut in export taxes announced last week won't be sufficient to have an impact, a commodity researcher said.

Exports won't rise without further incentives because global prices of grains such as wheat and corn are significantly lower than in China, Tommy Xiao, director of research at Shanghai JC Intelligence Co., said in an interview today.

Read more here: http://www.bloomberg.com/apps/news?pid=20601089&sid=aD4v5LO1967M
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