The northern wilderness is guaranteed by the subsidiary 7.7 billion unprocessed price increase profit

Yesterday, the NDRC issued a 2010-year minimum purchase price of late rice implementation of the notice, 2010 years of the lowest purchase price of Indica Rice per Jin 0.97 yuan, japonica 1.05 yuan, respectively, than last year's 0 yuan and 92 yuan per catty increased 0.95 yuan and 0.05 yuan. At the same time, the northern wilderness issued a total of about 7.7 billion of the subsidiaries of the bank credit business guarantee for the purchase of raw materials, such as expenditure.　　The rise in food prices, so that processing enterprises have to increase the purchase of raw materials, profit space again by the squeeze. Northern Wilderness half-year report data show that the first half of the northern wilderness Rice Company to achieve operating income of 3.03 billion yuan, a year earlier growth of 44 3%; But net profit is only 15.93 million yuan, lower than the same period last year 48.4%. The northern Wilderness has pointed out that the uncertainty of policy aspects, such as inflation expectation and credit contraction, has unpredictable effect on the company. In particular, this year's natural disasters in the south caused a large impact on food production, it may lead to unprocessed rise, thereby increasing the cost of enterprise acquisition.