Tuesday, March 17, 2009

Income may drop

CHINA'S farm income may drop this year because of falling agricultural prices. Yin Chengjie, vice chairman of agricultural and rural affairs of the National People's Congress, said in an interview in Beijing yesterday that the pressure from declining agricultural prices is high.

He added there were doubts over whether farm income would grow this year. Prices of agricultural products, including cotton, soybeans and corn, have fallen in China over the past year after bumper harvests swelled stocks and restaurant sales and food processing output declined.

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