BEIJING: China will increase grain supplies, open up more land for planting vegetables and crack down on hoarding as the government steps up efforts to combat rising inflation, state media said Saturday.
The latest moves come after consumer prices rose at their fastest pace in two years, fuelled by soaring food costs after severe summer flooding and more recent cold snaps hit crop yields.
Authorities would boost the supply of grain, some vegetable oil and soybeans to "meet consumer demand and stabilise market prices", the official Xinhua news agency said, citing the grain administration.
The agricultural ministry also said it would increase the area of land available for vegetable crops "to stabilise production and increase vegetable supplies during the winter," Xinhua said.
Read more at The Economic Times
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