China to issue 2010 quotas for wheat, corn, rice and cotton

China will issue low-tariff grain import quotas for 2010, including wheat, cotton, corn and rice, as part of its World Trade Organization joining commitments.

The quota levels remain unchanged from this year, according the National Development and Reform Commission.

The quota for wheat is set at 9.64 million tons and for corn at 7.2 million tons, of which 90 percent of the wheat quota will go to state-owned companies while 60 percent of the corn quota is allocated for state companies.

The quota for rice is set at 5.32 million tons and for cotton at 894,000 tons for imports under low tariffs for 2010, the commission said in a document posted on its website.