The National Development and Reform Commission held talks with 17 associations including the meat industry, emphasizing the maintenance of price stability
Release Time:
2011-04-12 18:48
Source:
www.chinalaunry.cn
Guangzhou Daily News (Reporter Liu Jun) To ensure overall price stability, relevant national departments recently held talks with 17 industry associations including beverage, dairy, sugar, and alcohol industries. Yesterday, a reporter learned from a large edible oil company that it has been asked to postpone price increases for two months.
Yesterday, the China Alcoholic Drinks Industry Association and the China Alcohol Circulation Association co-hosted an article on the China Alcohol Industry News website stating that on the morning of April 2, the Price Department of the National Development and Reform Commission, together with the Economic and Trade Department of the NDRC and the Market Operation Department of the Ministry of Commerce, invited leaders of 17 associations to hold a symposium on important consumer goods industry associations, emphasizing the maintenance of price stability.
According to the introduction, the invitation letter issued by the NDRC showed that the NDRC held talks with chairpersons, secretaries-general, and policy research personnel of 17 industry associations including the All-China Federation of Industry and Commerce, China Food Industry Association, Department Store Business Association, Beverage Industry Association, Dairy Association, Household Appliances Association, Sugar Industry Association, China Alcoholic Drinks Industry Association, China Alcohol Circulation Association, Grain Industry Association, Meat Association, and Vegetable Association. Leaders from relevant departments of the Ministry of Commerce also attended the meeting.
Last Friday, reports stated that Yihai Kerry, which produces small-pack edible oils such as Jinlongyu, has been asked to postpone price increases. This measure will also affect other edible oil peers. In November last year, related companies were asked not to raise prices before March this year.
Yesterday, a contact person from a large edible oil company that was interviewed told reporters that the postponement of price increases is effective for two months. "In fact, since November last year, domestic edible oil prices have inverted, which has caused us considerable cost pressure. However, we will cooperate with the request to postpone price increases to demonstrate the company's social responsibility."
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