China says wheat reserves abundant despite drought [SoftCommodities] - MarketTicker Forums


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User Info	China says wheat reserves abundant despite drought in forum [SoftCommodities]
Lplate Posts: 4737 Incept: 2008-08-06 Australia	I can take this as meaning they don't have enough reserves Quote: February 15, 2011 http://www.businessweek.com/ap/financial.... China's Foreign Ministry says the drought hitting large parts of the country's wheat growing regions will not impact global food prices because China has abundant grain reserves. Ministry spokesman Ma Zhaoxu says that China has plentiful reserves following seven years of bumper harvests. Ma also told reporters at a regular news conference Tuesday that recent drought conditions in the wheat belt "will not affect international food prices." Ma says the government is taking active measures to minimize the impact of the drought. China said last week that it plans to spend $1 billion to alleviate the drought in its parched northeast. 2011-02-16 08:36:20 Permalink
Livermore Posts: 2452 Incept: 2007-10-22 In a hole?? Quit digging.	We will have to see what they purchase to get the truth, I think. ---------- There is nothing like losing all you have in the world for teaching you what not to do. And when you know what not to do in order not to lose money, you begin to learn what to do in order to win. Did you get that? You begin to learn!--- Jesse Livermore, 1923 2011-02-16 09:28:38 Permalink
Goodlander Posts: 1354 Incept: 2007-10-02 winnipeg	thesaurus: well capitalized, contained, under control, temporary, short term, V shaped, improving, resilient, stimulus. See also 1638-1641. ---------- Always drink upstream from the herd. 2011-02-16 17:49:53 Permalink
Livermore Posts: 2452 Incept: 2007-10-22 In a hole?? Quit digging.	FWIW.... http://www.sciencedaily.com/releases/201.... Quote: A new study of tree rings provides the most detailed record yet of at least four epic droughts that have shaken Asia over the last thousand years, from one that may have helped bring down China's Ming Dynasty in 1644, to another that caused tens of millions of people to starve to death in the late 1870s. ---------- There is nothing like losing all you have in the world for teaching you what not to do. And when you know what not to do in order not to lose money, you begin to learn what to do in order to win. Did you get that? You begin to learn!--- Jesse Livermore, 1923 2011-02-17 07:26:24 Permalink
Goodlander Posts: 1354 Incept: 2007-10-02 winnipeg	posted this before but is worth posting again: http://www.theresilientearth.com/?q=cont.... ---------- Always drink upstream from the herd. 2011-02-17 12:45:46 Permalink