Agriculture
Agriculture
Agriculture


 
China to increase grain reserves to ensure farmers' interest
 
Market Avenue--12-05-2008      [-] Text [+]
 
China will purchase another 14 million tons of grain to increase the provisional reserves with a view to stabilize grain prices and protest the profits of farmers, according to the State Administration of Grain.
The purchase plan includes 7.5 million tons of rice, 5 million tons of corn and 1.5 million tons of soybeans. Prior to the new purchase, the Chinese government has already bought 16.5 million tons of grains.
The measures are expected to help raise farmers' income and motivate them to boost the production as the government targets to achieve the goal of 525 million tons in grain output this year.

2008 www.investtochina.com All Rights Reserved