Chinese government unveils surveillance law for farm products' safety & the nation's first small commodity index.

Chinese government has decided to setup surveillance for farm products' safety, as the Asian giant sees its first law dealing with safety of its farm products, to be effective from November 2006.

Niu Dui, Deputy Agriculture Minister of China made this announcement emphasizing the need to strengthen routine surveillance & spot-checking farm products, timely announcing the results to public and increase the awareness among farmers, traders & processors regarding safety of farm products.

He rated safety management as a key factor towards agricultural modernization & an important factor to increase competitiveness of Chinese farm products in international markets. An improvement, however, has been seen regarding safety of Chinese farm products but frequent reports about unsafe products recently came into picture.

For instance, carcinogen was detected in a shipment of hairy crabs that were exported by China to Taiwan, as per health officials in Taiwan. However, crab farmers argued that the crabs were safe for consumption.

Mr. Niu said that China already has a countrywide network of agencies inspecting quality of farm products, which includes 12 at the national level, 1,780 at the provincial, municipal & country levels and 311 at the ministerial level. Govt. looks forward to take 5 years for development of the network making it more competent & efficient.

"A booming Chinese economy, with a consumer base of 10 Million for processed food has created opportunities for global players. It's found that China possesses 30 percent of the foods consumed in the world," as per "Food Processing Market in China (2005)" published by RNCOS.

Also, China officially unveiled its first index for small commodities, launched in Yiwu, the largest distribution center of China in Zhejiang. The system features 23 specific sub indices, mainly constituting of 3 parts: commodity price, market prosperity & single monitoring & measuring indices. The index also serves as barometer to determine market prosperity, market's operation situation & dealer's confidence, said Dr. Weihua, co-founder of index.

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