MOA posts guideline to develop markets in farm produce’s production places

BEIJING, June 19 (Greenpost) – China’s Ministry of Agriculture (MOA) publicized Friday on its website a guideline to develop markets in the production places of farm produce to boost modern agriculture.

The ministry proposed to build by 2020 a large number of marketplaces in advantageous production zones or production areas for characteristic agricultural products to directly serve farmers.

Under the objective, 30 nationwide production place-based markets, 300 regional markets alike and 1,000 field-based markets will be constructed to create a three-layer production place-based markets system for farm produce.

Essence Securities said in a recent report that the Internet is accelerating traditional agriculture’s transformation to modern agriculture and alongside popularization of the Internet in rural areas, E-commerce operators are predicted to hail a market of 460 billion yuan by 2016.

In the future, some stock investment opportunities may appear for related Chinese listed firms including Shenzhen Agricultural Products Co., Ltd. (000061.SZ), Kingenta Ecological Engineering Group Co., Ltd. (002470.SZ), Anhui Huilong Agricultural Means of Production Co., Ltd. (002556.SZ), and Zhejiang Netsun Co., Ltd. (002095.SZ), the broker said. (Edited by Duan Jing, duanjing@xinhua.org)