Edible oil auction to help ease holiday price hikes

时间：2007-09-27 07:57:47

（单词翻译:单击）

Sept.27 - A total of 200,000 tons of edible1 oil reserves will be auctioned3 to curb4 price hikes during the week-long National Day holidays, officials have announced.

 

The move is the latest effort by food and price watchdogs to rein5 in inflation, which is largely driven by soaring grain, pork and edible oil prices.

 

The consumer price index, a key gauge6 of inflation, hit 6.5 percent last month, the highest in a decade. Edible oil prices rose about 30 percent.

 

"The auction2 will ease inflation and the market shortage," said Chen Lina, an analyst7 with Beijing Orient Agribusiness Consultant8 Ltd.

 

The auction - of 178,000 tons of soybean oil and 22,000 tons of rapeseed soil stored in reserve in 11 provinces - will take place simultaneously9 in Anhui, Tianjin and Guangdong, with online transactions permitted.

 

No company can buy more than 5,000 tons, the State Grain Administration said in a notice posted on its website on Tuesday.

 

But given the annual per capita edible oil consumption of 18 kg, experts said long-term incentives10 are needed to improve the bleak11 situation of soybean and rapeseed production, which has suffered constant declines due to low profit margins12 and competition from the global market.

 

The State Council issued guidelines on Monday to ease the situation.

 

According to the guidelines:

 

Oilseed production will be revived by offering subsidies13 and tightening14 controls over edible oil exports.

 

Soybean production acreage that enjoys subsidies will be expanded to 2.67 million hectares from 700,000 hectares.

 

Rapeseed farmers are entitled to 150 yuan ($19) subsidy15 per hectare.

 

By the end of 2010, oilseed production area will increase by 6 percent, and total production by 14 percent.

 

However, given the higher profit in wheat production, farmers might be reluctant to switch to rapeseeds, according to Chen.

 

Due to shrinking area and bad weather, rapeseed production is expected to drop by 5 percent from last year to hit 12 million tons; and soybean production to hit the lowest level in a decade at 14.4 million tons this year.

 

The State Council announced last week that the import duty on soybeans would be slashed16 from 3 percent to 1 percent to encourage oil production.

 

Last month, the government released pork reserves in the market to "ensure that the major food prices will remain stable during the rest of the year".

 
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1 edible Uqdxx     
n.食品，食物；adj.可食用的
参考例句：
  • Edible wild herbs kept us from dying of starvation.我们靠着野菜才没被饿死。
  • This kind of mushroom is edible,but that kind is not.这种蘑菇吃得，那种吃不得。
2 auction 3uVzy     
n.拍卖；拍卖会；vt.拍卖
参考例句：
  • They've put the contents of their house up for auction.他们把房子里的东西全都拿去拍卖了。
  • They bought a new minibus with the proceeds from the auction.他们用拍卖得来的钱买了一辆新面包车。
3 auctioned 1a9ab53832945db108ff2919e21fccc6     
v.拍卖( auction的过去式和过去分词 )
参考例句：
  • It was sad to see all grandmother's lovely things being auctioned off. 眼看着祖母那些可爱的东西全都被拍卖掉，心里真不好受。 来自《简明英汉词典》
  • TV franchises will be auctioned to the highest bidder. 电视特许经营权将拍卖给出价最高的投标人。 来自《简明英汉词典》
4 curb LmRyy     
n.场外证券市场，场外交易；vt.制止，抑制
参考例句：
  • I could not curb my anger.我按捺不住我的愤怒。
  • You must curb your daughter when you are in church.你在教堂时必须管住你的女儿。
5 rein xVsxs     
n.疆绳，统治，支配；vt.以僵绳控制，统治
参考例句：
  • The horse answered to the slightest pull on the rein.只要缰绳轻轻一拉,马就作出反应。
  • He never drew rein for a moment till he reached the river.他一刻不停地一直跑到河边。
6 gauge 2gMxz     
v.精确计量；估计；n.标准度量；计量器
参考例句：
  • Can you gauge what her reaction is likely to be?你能揣测她的反应可能是什么吗？
  • It's difficult to gauge one's character.要判断一个人的品格是很困难的。
7 analyst gw7zn     
n.分析家，化验员；心理分析学家
参考例句：
  • What can you contribute to the position of a market analyst?你有什么技能可有助于市场分析员的职务？
  • The analyst is required to interpolate values between standards.分析人员需要在这些标准中插入一些值。
8 consultant 2v0zp3     
n.顾问；会诊医师，专科医生
参考例句：
  • He is a consultant on law affairs to the mayor.他是市长的一个法律顾问。
  • Originally,Gar had agreed to come up as a consultant.原来，加尔只答应来充当我们的顾问。
9 simultaneously 4iBz1o     
adv.同时发生地，同时进行地
参考例句：
  • The radar beam can track a number of targets almost simultaneously.雷达波几乎可以同时追着多个目标。
  • The Windows allow a computer user to execute multiple programs simultaneously.Windows允许计算机用户同时运行多个程序。
10 incentives 884481806a10ef3017726acf079e8fa7     
激励某人做某事的事物( incentive的名词复数 )； 刺激； 诱因； 动机
参考例句：
  • tax incentives to encourage savings 鼓励储蓄的税收措施
  • Furthermore, subsidies provide incentives only for investments in equipment. 更有甚者，提供津贴仅是为鼓励增添设备的投资。 来自英汉非文学 - 环境法 - 环境法
11 bleak gtWz5     
adj.(天气)阴冷的；凄凉的；暗淡的
参考例句：
  • They showed me into a bleak waiting room.他们引我来到一间阴冷的会客室。
  • The company's prospects look pretty bleak.这家公司的前景异常暗淡。
12 margins 18cef75be8bf936fbf6be827537c8585     
边( margin的名词复数 )； 利润； 页边空白； 差数
参考例句：
  • They have always had to make do with relatively small profit margins. 他们不得不经常设法应付较少的利润额。
  • To create more space between the navigation items, add left and right margins to the links. 在每个项目间留更多的空隙，加左或者右的margins来定义链接。
13 subsidies 84c7dc8329c19e43d3437248757e572c     
n.补贴，津贴，补助金( subsidy的名词复数 )
参考例句：
  • European agriculture ministers failed to break the deadlock over farm subsidies. 欧洲各国农业部长在农业补贴问题上未能打破僵局。
  • Agricultural subsidies absorb about half the EU's income. 农业补贴占去了欧盟收入的大约一半。 来自《简明英汉词典》
14 tightening 19aa014b47fbdfbc013e5abf18b64642     
上紧，固定，紧密
参考例句：
  • Make sure the washer is firmly seated before tightening the pipe. 旋紧水管之前，检查一下洗衣机是否已牢牢地固定在底座上了。
  • It needs tightening up a little. 它还需要再收紧些。
15 subsidy 2U5zo     
n.补助金，津贴
参考例句：
  • The university will receive a subsidy for research in artificial intelligence.那个大学将得到一笔人工智能研究的补助费。
  • The living subsidy for senior expert's family is included in the remuneration.报酬已包含高级专家家人的生活补贴。
16 slashed 8ff3ba5a4258d9c9f9590cbbb804f2db     
v.挥砍( slash的过去式和过去分词 )；鞭打；割破；削减
参考例句：
  • Someone had slashed the tyres on my car. 有人把我的汽车轮胎割破了。
  • He slashed the bark off the tree with his knife. 他用刀把树皮从树上砍下。 来自《简明英汉词典》

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