China's Salt Sector Still Troubled by Oversupply

Home>>Business

Last updated at: (Beijing Time) Saturday, August 09, 2003

China's Salt Sector Still Troubled by Oversupply

China produced 17.81 million tons of salt during the first six months of this year, but output still far exceeds sales, according to a leading salt company executive.

DISCUSSION

CHINESE

SEND TO FRIEND

China produced 17.81 million tons of salt during the first six months of this year, but output still far exceeds sales, according to a leading salt company executive.

Dong Zhihua, general manager of China National Salt Corp., tolda national conference on salt Thursday that the country's overall production capacity reached 42 million tons last year, while salestotaled 33 million tons.

There are around 1,300 salt producing companies on the Chinese mainland, and their average production capacity is only 30,000 tons a year.

But for table salt, sales volume surpassed output, said the general manager.

China produced 3.9 million tons of table salt, up 16 percent, during the six-month period, while sales volume totaled 3.97 million US dollars, up 13.7 percent.

The general manager said 95 percent of the country's populationhad access to iodized salt, which was used to prevent iodine deficiency diseases.

Questions?Comments? Click here

China to Further Regulate Salt Price

DPRK's Kim Jong Il Elected Member of Parliament ( 2 Messages)

Main Party of China's First Euthanasia Lawsuit Dies ( 2 Messages)

For Whom Does Jackie Chan Feel Pity and Shed Tears? ( 5 Messages)

News Analysis: Bush's Political Fortune to Rise or Fall? ( 4 Messages)

Japan to Be Restored as China's Biggest Tourism Source ( 3 Messages)