This document analyzes rising food prices in China and the government's policy responses. It finds that grain prices have risen steadily due to sufficient supply following agricultural stimulus policies from 2004-2008. Corn and vegetable prices are more volatile and linked to production costs. Food prices also reflect increases in the money supply and costs of agricultural inputs like oil. The government has responded by increasing imports, using reserves, contracting vegetable production, and investing in agriculture, research, and social programs. Further research is needed on the impacts of money supply and prices on farmer incomes.

1. Policy Response to Rising Food Price in China Zhu Ling

4. Increase in Rice Price since 2007 12/06/11

5. Wheat Price Fluctuation since 2005 12/06/11

7. Corn Price Hike during 2007 ~ 2011 12/06/11

8. Price index of livestock, poultry and fishery products (price in the same quarter of preceding year = 100) 12/06/11

9. Prices of Piglet, Pig and Pork 2009-2011 12/06/11

10. 3. High vegetable price volatility (price in the same quarter of preceding year = 100) 12/06/11

12. Growth Rate of Money Supply 2007 ~ 2011 (Amount of Money Supply in the Same Month of Preceding Year = 100) 12/06/11

14. Price Indices of Means of Agricultural Production (The price at 2010-Jan=100 ) 12/06/11

15. Average Cost of Staple Crops Production (Yuan/Mu by Current Price: rice, wheat, maize ) 12/06/11