State Commission arranges funds for agricultural product market

The State Development and Reform Commission arranged treasury bonds of 400 million yuan (about 48.3 million US dollars) for 119 agricultural product markets to develop information systems, according to an official with the commission Thursday.

This is the second time for the commission to take this measure. Last year, it also arranged 400 million yuan for 81 agricultural product markets to build similar systems.

The official said trading information of major markets will be interconnected after these markets build their own information system. This will enable the quality, breeds and prices of agricultural products can be gathered and publicized more efficiently

To build such two systems is an important part of the national policy on supporting agriculture, the official said.

"It can guide farmers to adjust their productive structures and increase their income," he said.

Most of the 81 markets that gained financial support in 2003 have started to build these systems. The markets gained financial support this year have also began their designing work.