First Chinese chestnut trade fair held in Hubei

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Last updated at: (Beijing Time) Sunday, September 28, 2003

First Chinese chestnut trade fair held in Hubei

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Business people from Belgium, France, Japan, the Republic of Korea and the United States attended the first Chinese chestnut trade fair that opened Friday in Luotian County, central China's Hubei Province.

Luotian, located in the remote Dabie Mountain, is famous for chestnut cultivation, boasting an annual production of 250 million kilograms.

On Monday, the trade volume reached 500 tons between some 50, 000 local chestnut growers and chestnut processing factories from 15 provinces, the organizer's statistics show.

The trading by foreign businessmen has yet to be calculated, according to the organizer.

In Luotian alone, there are 170 chestnut processing factories and the county's annual revenue from chestnut sales and processing reached 500 million yuan (60 million US dollars).

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