Ningbo's malt exports exceeding US$100 million

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Category: Ningbo Business

Published: Tuesday, 11 September 2012 09:32

Since 2004, the malt has been one of the most important agricultural products for export in Ningbo. By July 2012, Ningbo had exported 183,000 tons of malt with the value of US$100.02 million.

In the past two years, due to various factors including exchange rate, climate, raw materials and labor costs, the market competitiveness of the malt exported from Ningbo has declined, resulting in slashed orders. In 2011, Ningbo only exported 28,000 tons of malt with the value of US$15.87 million, down by 22.24% and 42.58% respectively compared with the previous year.

Under such grim circumstances, in 2012, to promote the malt exports and reduce production cost and control losses for enterprises, in the principle of reducing burden and improving effect, the inspection and quarantine departments take measures to provide coordinated service to enterprises. By supervising the raw material export, production and processing management and clearance of qualified finished malt products, they made it possible to reduce the stagnation period and reduce the production costs. Besides promoting production and enhancing competitiveness of the malt export, the coordinated service also paved the way for the upcoming export of Ningbo malt products to the 15th target country.